If you’re an XRP investor or trader, there’s a crucial issue that needs your attention. Recent events have raised concerns that XRP may never be relisted on exchanges. And while these concerns may seem unfounded to some, there is a real possibility that they could prevent the relisting of XRP- a move that could impact the value of your holdings. In this post, we’ll delve into this critical issue, explore the potential impacts on XRP, and suggest some possible ways forward. Stay tuned to find out more.
SIGN UP FOR A FREE 7 DAY TRIALGET YOUR .CRYPTO DOMAIN AT UNSTOPPABLE DOMAINS
TRADE CRYPTO ON BINANCE HERE "LOW FEES"
This Issue Could PREVENT XRP EVER BEING RELISTED ON EXCHANGES
Introduction
XRP, the cryptocurrency created and utilized by Ripple, is in the midst of a legal battle with the Security Exchange Commission (SEC). The issue at hand is whether XRP is a security or not. This lawsuit has already resulted in XRP being delisted from some major exchanges. However, even if the case is resolved in Ripple’s favor, there is a possibility that XRP may not be relisted on exchanges in the USA. In this article, we’ll discuss the reasons why this could happen and what Ripple could do to prevent it.
The Issue with Secondary Market Sales
One of the biggest issues that need to be addressed for XRP to be relisted on exchanges is secondary market sales. Squarely at the heart of this issue is the question of whether these transactions should be viewed as investment transactions. Many investors who hold large amounts of XRP sell their holdings in the secondary market, and exchanges need to take these transactions into account when deciding whether or not to list XRP again.
The SEC’s lawsuit suggests that XRP is a security, but the lawsuit does not specifically request that XRP be classified as one. This means that exchanges will have to make their own decision on whether or not to relist XRP. Additionally, given the controversy surrounding XRP, exchanges may be hesitant to list it again, to begin with.
Attorney Jeremy Hogan and Attorney Bill Morgan’s Concern
Attorney Jeremy Hogan and Attorney Bill Morgan caution that if there is no clarity on whether XRP is a security, exchanges may choose not to relist it. They believe that investors purchasing XRP in the secondary market may view it as a security, which can create problems for exchanges. As a result, exchanges may err on the side of caution and choose not to relist XRP.
The Path Forward
Despite these concerns, Attorney Hogan believes there may still be a path forward. Ripple could obtain an agreement from the SEC to include language in the proposed final judgment that does not cover secondary sales. This would provide clarity for exchanges and could make it easier for them to relist XRP.
Another possibility is that the judge could address the concerns regarding secondary sales raised by numerous Amici, including those led by Attorney Deaton. They believe that if the judge provides some guidance on this issue, it could alleviate the concerns of exchanges and help XRP get relisted.
Conclusion
The situation regarding XRP’s relisting on exchanges is uncertain. The SEC lawsuit has created much confusion and concern among investors. While there is some hope for a positive outcome, there are no guarantees. Exchanges may choose not to relist XRP on their own, even if the lawsuit is resolved in Ripple’s favor. Ripple can take steps to address some of these concerns, but ultimately the decision to list XRP rests with the exchanges.
FAQs
- Why was XRP delisted from some major exchanges?
XRP was delisted from some major exchanges due to the SEC’s lawsuit suggesting that XRP is a security.
- Will XRP ever be relisted on exchanges in the USA?
The situation is uncertain. Even if the lawsuit is resolved in Ripple’s favor, exchanges may choose not to relist XRP.
- Can Ripple do anything to address the concerns of exchanges?
Ripple can obtain an agreement from the SEC to include language in the proposed final judgment that does not cover secondary sales. Ripple can also address investor concerns through clear communication and transparency.
- What is the biggest issue that needs to be addressed for XRP to be relisted on exchanges?
The biggest issue is secondary market sales and whether they should be viewed as investment transactions.
- Is there hope for XRP to be relisted on exchanges?
There is some hope, but there are no guarantees. Ripple can take steps to address concerns, and the judge could provide guidance on the issue of secondary sales. Ultimately, the decision to relist XRP rests with the exchanges.
