MEXCLawyer Reveals Why US Exchanges May Relist XRP
U.S. District Court is yet to deliver a much anticipated Summary Judgment in the crucial Securities and Exchange Commission (SEC) Vs Ripple lawsuit. As the judge moves closer to concluding the case, XRP relisting on crypto exchanges has become a major concern among the XRP holders.
Also Read: Why LBRY Latest Court Filing Is Critical For XRP Case Judgement?
XRP Relisting Coming Soon?
The “Secondary Market Sales” of XRP have been a majorly discussed issue among crypto leaders and experts. However, the court is yet to address this matter in the XRP lawsuit.
Coingape reported that US SEC on record admitted that the LBRY Credits (LBC) tokens’ secondary market sales don’t constitute a security. However, the commission’s this settlement in the LBRY lawsuit would surely be discussed among the Ripple legal team.
Attorney Jeremy Hogan stated that he is confident Ripple’s XRP will be relisted on crypto exchanges once the judge decides whether the token is inherently a security. The SEC’s complaint in the lawsuit claims that XRP itself is a security. However, it does not ask anything to discuss the nature of the asset. Read More XRP News Here…
What If Court Refuse To Admit The Issue?
Hogan mentioned that there is a very high chance that the court might not take up the particular issue as the commission didn’t raise it explicitly. However, both parties can argue over the secondary sales by adding an omission.
Also Read: Why Hinman Speech Docs Release In XRP Lawsuit Is Crucial?
He highlighted that Ripple and US SEC can strike an agreement to include this in the hearings. However, the judge could approve the defendants’ assertion in the proposed Final Judgment.
Meanwhile, the district court could decide to pick up concerns filed by amicus curiae related to secondary sales. Almost similar scenario emerged in the US SEC Vs LBRY lawsuit where the judge agreed to address the issue.
However, in the latest filings, LBRY stated that the commission has failed to provide clarity even after striking a settlement over the issue.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Related Articles
- JPMorgan Predicts Bitcoin Rebound to $170K as Perp Market Selling Pressure Ends
- XRP Remains Deeply Undervalued As Real-World Settlement Expands, Bayberry Capital Says
- U.S. Revises Trump Tariff Terms as Supreme Court Challenges China trade Deal
- Cathie Wood’s ARK Invest Swaps Robinhood Shares for Pinterest Despite Stock Slump
- Just-In: US Labor Shock Raises Rate Cut Bets, Bitcoin Still Down
- Crypto Market Dips as U.S. Shutdown Hits Record 36 Days?
- Dogecoin Price Forecast: Is $0.3 Next After Symmetrical Triangle Breakout?
- BNB Price Eyes Rally as Double-Bottom Aligns With Token Burn, Transactions Surge
- Bitcoin Price Could Drop to $92K as Analyst Warns Amid $2B ETF Outflows
- Ethereum Price Eyes Recovery as Network Hits 24,192 TPS Milestone
- FUNToken Gains 2.38% as $5M Giveaway Drives 26% Volume Surge
