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Gemini, the cryptocurrency exchange run by the Winklevoss twins, has relisted Ripple’s affiliated token XRP. XRP community influencer @RipplePandaXRP shared a screenshot of the Gemini app to brag about the news to the XRP army.
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Exchanges are recovering XRP
Exchanges are beginning to relist XRP following Ripple’s recent court victory against SEC regulators. Judge Analisa Torres ruled that Ripple’s sales of XRP on the secondary market should not be considered securities sales, unlike sales made by the fintech giant to institutional investors.
Furthermore, the (lengthy) list of cryptocurrencies deemed securities recently published by the SEC does not include XRP tokens, something Ripple CTO David Schwartz recently boasted about, according to USA Today.
Schwartz said the list does not include “orange groves,” “live beavers,” or “warehouse receipts for whiskey barrels,” and XRP is not on it. However, the list does mention 48 tokens, including BNB, TRX, HEX, TON, LUNA, ADA, and many other digital currencies — altcoins.
Neither Bitcoin nor Ethereum is among them. However, SEC leader Gary Gensler recently admitted that ETH's status is ambiguous, and the second-largest cryptocurrency may be considered a security after all, but this definition still does not apply to Bitcoin, the king of cryptocurrencies. As for the aforementioned Ripple victory, its victory may be quickly erased once the regulator appeals to the court. According to data shared by CoinMarketCap, as of the time of writing, XRP is changing hands at $0.6294.
SEC News Hits ADA Token
After publishing this "crypto-securities list", crypto giant Binance announced the removal of two ADA-based trading pairs: ADA/USDT and ADADOWN/USDT; trading will stop on August 16. ADADOWN has a daily trading volume of $1.08 million. According to U.Today, Coinbase, the largest cryptocurrency exchange in the United States, is also considering delisting ADA and other altcoins at the request of the SEC. Charles Hoskinson, the founder of Cardano, mathematician and billionaire, has repeatedly opposed the SEC's ruling on ADA's suspected securities on Twitter (now renamed X Application).