The Ripple XRP Roller Coaster: A Coinbase Comeback in New York
The crypto world is once again in turmoil, and this time it's all about XRP. FXStreet German site reports that Coinbase, one of the leading cryptocurrency exchanges, has recently announced that trading with XRP will resume at least in New York. This news brought a wave of euphoria among XRP investors who have long awaited such a sign.
This announcement comes after years of legal battles and regulatory uncertainties surrounding XRP. In 2020, the Securities and Exchange Commission (SEC) claimed that XRP was an unregistered security, forcing Coinbase to halt its trading to avoid scrutiny from regulators. However, recent court rulings have provided some clarity by stating that when traded on exchanges, XRP cannot be considered a security.
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Bitcoin's Big Problem Signals Sell-Off for XRP?
wallstreet:online discusses how Bitcoin's current issues might lead to a massive sell-off for XRP. The ongoing problems with Bitcoin are affecting the entire crypto market and could also impact the price of XRP significantly.
Troubles within Bitcoin’s ecosystem create ripples across other cryptocurrencies including Ethereum and Ripple (XRP). Investors remain cautious as they closely monitor these developments which may influence their investment strategies moving forward.
XRP Climbs Above $0.53: SEC Chairman Gensler Sees Successes in Litigation
XRP has climbed above $0.53 amidst comments from SEC Chairman Gary Gensler regarding the agency's success in litigation cases according to FXStreet German site. As per his speech at the ICI 2024 Leadership Summit, Gensler highlighted several victories but noted ongoing challenges, particularly concerning Ripple Labs' case involving alleged securities violations through sales of unregistered tokens like XRP.
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