Coinbase Relists XRP Following Favorable Ruling in SEC Lawsuit

In a significant development for the cryptocurrency market, leading exchange Coinbase has announced that it will relist XRP.

The decision comes after a favorable ruling from U.S. District Judge Sarah Netburn, who found that the sale of XRP on exchanges does not fall under the category of security.

Coinbase delisted XRP in January 2021, citing the ongoing legal battle between Ripple and the SEC. The SEC lawsuit alleges that Ripple sold XRP as an unregistered security, while Ripple argues that XRP is a currency.

Coinbase will re-enable trading for XRP (XRP) on the XRP network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset remain available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets 🛡️📞 (@CoinbaseAssets) July 13, 2023

The ruling from Judge Netburn is a major victory for Ripple and could have implications for the broader cryptocurrency market.

The ruling could lead other exchanges to reconsider their stance on XRP, and it could also encourage regulators to take a more lenient approach to cryptocurrencies.

The relisting of XRP on Coinbase is a positive development for the cryptocurrency market. It increases liquidity for XRP and could help to boost its price. The decision is also a sign that regulators are starting to understand cryptocurrencies better and are becoming more comfortable with their use.