Following Ripple Labs' victory against the US Securities and Exchange Commission (SEC), the XRP coin may soon return to cryptocurrency exchanges. Gemini, a cryptocurrency exchange, announced its intention to explore listing XRP, while Coinbase stated that it wou ld re-enable XRP trading for the first time in about two years. The court ruling that declared XRP is not a security under the SEC's jurisdiction could provide relief for exchanges that offer XRP trading, as it sets a legal precedent against the SEC's authority over such assets .
The Ripple ruling has significant implications for the industry, according to Sheila Warren, CEO of the Cryptocurrency Innovation Council. It challenges the SEC's argument of having authority over underlying assets and questions the need for additional regulatory transparency. that delisted XRP in 2020 and 2021 , including OKX, welcomed the court decision without revealing their plans to resume XRP trading. Meanwhile, iTrustCapital claimed to be the first to reinstate XRP after a two-year hiatus, and Kraken initially posted an ambiguous message on social media before officially announcing the relisting of XRP.
The SEC charged Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen in December 2020, leading to several exchanges removing XRP from their platforms. Uphold, a crypto payment processor and exchange operator, expressed its support for the XRP community and stated that it would not take any action against XRP until the court case concluded. With the court ruling in favor of Ripple, the return of XRP to cryptocurrency exchanges could be imminent, marking a significant development for the XRP ecosystem.
