On Thursday, U.S. District Judge Analisa Torres ruled that Ripple Labs Inc. violated securities laws in institutional sales of XRP, while programmatic sales did not constitute unregistered securities offerings. This landmark decision clarifies XRP’s non-security status, resolving a years-long legal battle with the SEC.
Key Excerpts from the Ruling
“Based on the totality of circumstances, the Court finds that reasonable investors [...] would have purchased XRP with the expectation of profits from Ripple’s efforts.”
“Ripple’s Programmatic Sales of XRP did not constitute the offer and sale of investment contracts.”
Major Exchanges Relisting XRP
Following the ruling, several exchanges announced plans to reinstate XRP trading:
- Coinbase: Will resume XRP-USD, XRP-USDT, and XRP-EUR pairs once liquidity is sufficient.
- Gemini: Exploring spot and derivatives listings; confirmed via Twitter.
- Kraken: Relisted XRP for trading against fiat, BTC, ETH, and USDT.
- Bitstamp: U.S. users can now trade XRP; Ripple holds a minority stake in the exchange.
- Crypto.com & BitGo: Already live with XRP trading.
👉 Discover how exchanges are adapting post-ruling
Market Impact
- Price Surge: XRP spiked 30% post-ruling, reaching $0.7814 (a 77% 24-hour increase).
- Liquidity Boost: Renewed exchange support is expected to enhance market stability.
FAQs
Q: Why did exchanges delist XRP initially?
A: Due to the SEC’s 2020 lawsuit alleging XRP was an unregistered security.
Q: Is XRP now fully compliant?
A: The ruling applies only to programmatic sales; institutional sales remain under scrutiny.
Q: Can U.S. residents trade XRP?
A: Yes, on platforms like Bitstamp USA and Kraken.
Conclusion
Judge Torres’ decision marks a pivotal moment for crypto regulation, reinforcing the distinction between securities and utility tokens. With Gemini, Kraken, and Bitstamp leading the relisting charge, XRP’s market presence is poised for recovery.
For real-time updates, follow trusted crypto news sources.
### SEO Keywords
- XRP
- Ripple Labs
- SEC ruling
- Crypto exchanges
- Gemini
- Kraken
- Bitstamp
- Cryptocurrency regulation