On July 13, 2023, competitor exchange Kraken announced a same move 30 minutes after Coinbase said it will relist XRP.
A short time later, Ripple’s Chief Legal Officer, Marco Santori, gave an interview in which he discussed the rationale for the company’s choice to relist XRP.
Santori declared: “A federal judge in New York’s Southern District determined this morning that XRP is not a security. As a result, Kraken has reinstated XRP trading for US customers as of a few minutes ago. We welcome the Court’s ruling as a precursor to more legal clarity in the United States.
The ability to see things clearly has helped us establish a solid foundation for our company in our hometown. There is still a chance for the case to take an unexpected turn, and it’s conceivable that other instances will do the same. The Hill is also busy as ever. Congress is now considering an abundance of measures. This will take a long time. We’re glad to be a member of the group pushing for regulations that make sense and reduce uncertainty so that blockchain technology may reach its full potential.”
Coinciding with this news, Gemini, a cryptocurrency exchange, has said that it is “examining the listing of XRP for both spot and futures trading.”
As of 9:10 PM UTC on July 13, 2023, the price of XRP has increased by 74.85% in the last 24 hours, to roughly $0.785.
Also Read: A U.S. Judge Rules That XRP Is ‘Not’ Security, Granting Ripple A ‘Major Triumph’ Against The SEC
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