The XRP community is renewing its calls for Coinbase to relist the digital asset, following a significant legal victory for the exchange. This development has sparked optimism among supporters who believe it removes a major barrier to the token’s return to one of the largest U.S. trading platforms.
Coinbase Secures Key Legal Win
A United States district judge recently dismissed a class-action lawsuit against Coinbase and its CEO. The suit alleged that the exchange sold unregistered securities and failed to register as a broker-dealer. The court dismissed the case after finding inconsistencies between the plaintiff’s amended complaint and their initial filing.
Coinbase’s Chief Legal Officer expressed appreciation for the court’s decision, noting that it affirms the exchange’s user agreement, which clearly states that Coinbase does not hold title to customer assets.
Community Campaign for Relisting Intensifies
Following the legal outcome, XRP supporters actively took to social media to urge Coinbase to relist the token. Many used hashtags like #RelistXRP in comment sections to amplify their message and draw attention to their demand.
Some community members also sought legal opinions on whether the court’s ruling effectively shields Coinbase from potential regulatory repercussions if it decides to relist XRP. Although specific legal experts had not responded at the time of reporting, the question highlights the community’s strategic approach to advocating for reinstatement.
Background: Why Was XRP Delisted?
XRP was delisted from Coinbase and several other U.S.-based exchanges after the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple. The regulator accused Ripple of conducting an unregistered securities offering through XRP.
Fearing similar legal action, many platforms halted trading of the token. The ongoing case has created regulatory uncertainty, though recent industry developments have begun influencing broader perceptions of digital asset classifications.
Industry Developments Fuel Relisting speculation
Recent legal clarifications in other high-profile cases have added momentum to the push for XRP’s relisting. In a separate matter involving LBRY, a judge clarified that a previous ruling did not apply to secondary market sales of the project’s tokens.
This distinction is critical because it supports the argument that secondary market transactions—such as those on exchanges like Coinbase—may not constitute securities sales. Such legal nuances are being closely watched by industry participants and could influence exchange relisting decisions.
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What This Means for the Future
The combination of Coinbase’s legal victory and evolving regulatory interpretations may encourage the exchange to reconsider its position on XRP. Relisting the token could significantly boost trading volume and attract users seeking access to a major digital asset.
However, the decision ultimately depends on Coinbase’s risk assessment and its interpretation of the shifting legal landscape. Market participants will be watching closely for any official announcements or policy changes.
Frequently Asked Questions
Why did Coinbase delist XRP?
Coinbase delisted XRP following the SEC’s lawsuit against Ripple, which alleged that the token was an unregistered security. The exchange aimed to mitigate regulatory risk while the case was ongoing.
Could Coinbase relist XRP soon?
While recent legal developments are positive, the exchange has not confirmed any plans to relist XRP. The decision will likely depend on further regulatory clarity or a favorable resolution to Ripple’s case.
What was the recent legal victory for Coinbase?
A U.S. district judge dismissed a class-action lawsuit that accused Coinbase of selling unregistered securities. The dismissal was based on inconsistencies in the plaintiff’s legal complaints.
How are other legal cases influencing crypto regulation?
Cases like the LBRY ruling are helping to distinguish between initial sales and secondary market transactions. These distinctions are critical for exchanges seeking clarity on which assets can be listed legally.
What impact would relisting have on XRP’s market?
Relisting on a major exchange like Coinbase would likely increase liquidity, accessibility, and trading volume for XRP, potentially positively impacting its price and market presence.
Where can traders buy XRP if not on Coinbase?
XRP remains available on various international and decentralized exchanges. Users should always ensure they are using compliant and secure platforms when trading digital assets.