After the Ripple Labs celebrates his victory in front of the federal court against the SEC, XRP returns to the domestic crypto borns

After the Ripple Labs celebrates his victory in front of the federal court against the SEC, XRP returns to the domestic crypto borns

ripple returns to crypto bonds after a judicial victory against the Sec

After Ripple Labs won an important victory in front of a federal court against the US stock exchange supervision SEC, the company's own cryptocurrency XRP returns to the domestic crypto bears.

The Gemini crypto tours announced in a tweet yesterday, July 13 that it would check the reintroduction of XRP for the spot and derivative trade. The reason for this is the court ruling that has found that XRP is initially not a security in the sense of the seconds. Coinbase, one of the largest crypto bonds in the United States, also announced that XRP trading will be activated again after about two years.

However, the crypto trading platforms in the USA are warned for caution, since the SEC recently sued Binance and Coinbase because of the non-registered trade of securities. The legal precedent that Ripple has now created could give the crypto exchange important air to breathe, not only in terms of trade with XRP.

Sheila Warren, CEO of the Crypto Council for Innovation, commented on the Ripple judgment as a "big thing". She added: "It was clear from the start that this case would have an impact on the entire industry. This decision fundamentally undermines the argument of the SEC that it has authority about cryptocurrencies and that there is already regulatory clarity."

also other stock exchanges that XRP took out of their notations in 2020 and 2021, such as OKX, praised the court decision, but have not yet announced whether they will rescue the trade in the token. The crypto company Itrustcapital even claims to be the first that XRP brings back after two years. The Kraken crypto tour had initially published a ambiguous message according to the court ruling before it later officially announced that it would also reintroduce the Ripple cryptocurrency.

In December 2020, the SEC charges against Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen raised, which led to a massive exodus of XRP notes on the American crypto bonds. Only Uphold, a crypto payment processor and stock exchange operator, retained the token in retail and announced that it was not making a decision regarding XRP until the court proceedings were completed.

Uphold is now happy about the court ruling and explains that they are proud to have supported the XRP community.