BTC price fluctuations continue as Coinbase just released another announcement. The battle between XRP and the SEC has been ongoing for years. This struggle has resulted in many issues, such as US-based exchanges seeing XRP Coin as tainted and removing trading activities. So, what happened now?
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The struggle between XRP Coin and the SEC opened the doors to a new era in crypto. Exchanges like Coinbase, which fled from XRP Coin at that time, are now returning. This is because the sale of XRP in secondary markets is not seen as a security (2023 Summary Judgment), and the SEC’s constant crypto lawsuits have weakened its power in the eyes of companies. Moreover, the SEC’s defeats in court have also laid the foundation for today’s decision.
According to the announcement made by Coinbase a short while ago, investors in New York can now buy and sell XRP Coin. The company’s legal counsel paulgrewal.eth announced this from his account:
“XRP trading on Coinbase is now available again in NY. We heard you and worked in strong partnership with the State. And now we are back up.”
