iTrustCapital, a prominent US-based platform specializing in cryptocurrency and precious metals trading, has announced its decision to relist XRP, the native token of the Ripple network.
This move comes in response to the recent statement by the judge overseeing the ongoing lawsuit between Ripple and the Securities and Exchange Commission (SEC), ruling that the sale of XRP on exchanges does not constitute securities.
After delisting the Ripple token from its platform two years ago, iTrustCapital’s relisting decision reflects the evolving regulatory landscape surrounding cryptocurrencies.
In December 2020, the SEC filed a lawsuit against Ripple, accusing the company of raising over $1.3 billion through the sale of XRP tokens, which the SEC claims are securities.
Ripple has vigorously contested these allegations, arguing that XRP should be classified as a digital asset rather than a security. The lawsuit has brought into focus the need for clearer regulatory guidance regarding the status of cryptocurrencies.
iTrustCapital, known for its comprehensive platform enabling investors to trade and invest in cryptocurrencies and precious metals within retirement accounts, has made the decision to relist XRP.
This move signifies the platform’s confidence in the recent legal development and its understanding of the changing regulatory environment surrounding XRP.
iTrustCapital emphasizes its commitment to providing users with the lowest fees, highest security standards, and optimal liquidity, positioning itself as a reliable option in the industry.
iTrustCapital’s relisting of XRP opens up new opportunities for investors interested in trading or investing in Ripple’s native token.
With the regulatory uncertainty surrounding XRP gradually dissipating, market participants can make informed decisions based on their risk tolerance and investment strategies.
The relisting of XRP on iTrustCapital adds to the growing options available for investors seeking exposure to digital assets while benefiting from the platform’s robust security measures and industry-leading liquidity.
