The Ripple vs SEC feud is taking a new turn after the latest SEC hearing last Friday, March 19. The U.S. SEC lawyers stated that exchanges won’t be violating any securities laws upon relisting the XRP cryptocurrency.
XRP price has shot since then and is up 15% at the time of writing this article. As of press time, XRP is trading at a price of $0.58 with a market cap of $26.5 billion. On the weekly chart, XRP is one of the best performing cryptocurrencies in the top-ten list with nearly 35% gains in the last seven.
Interestingly, this price surge comes as XRP investors and fans have been making huge demands to exchanges to relist XRP after the latest SEC hearing. The #relistXRP is trending worldwide, starting from Australia and now in the U.S.
#RelistXRP is trending in the USA! @coinbase pic.twitter.com/OFbG8jDBkB
— CryptoBull2020 (@CryptoBull2020) March 21, 2021
Things turned ugly between the SEC and XRP’s parent company Ripple after the securities regulator slapped a lawsuit just before Christmas 2020 and a day before the outgoing chairman Jay Clayton resigned. To avoid any kind of regulatory scrutiny, crypto exchanges and companies started distancing themselves with many exchanges delisting XRP trading, including the big names like Coinbase.
However, Ripple has stood its ground since then and has denied any wrongdoing with the XRP sale in 2013. Besides, it has made it clear that the blockchain startup didn’t violate any securities laws.
Details of the Latest SEC Hearing
There’s been a …
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