US-based cryptocurrency trading platform iTrustCapital has announced plans to relist XRP, the native token of the Ripple network, on its platform. This decision comes in the wake of recent developments in the legal battle between Ripple and the US Securities and Exchange Commission (SEC). The court ruled that XRP sales on exchanges would not be considered securities. #XRP #iTrustCapital $XRP
RESEARCH AND COURT DECISION:
In December 2020, the SEC filed a lawsuit against Ripple, alleging that the company raised over $1.3 billion through the sale of XRP tokens, which it claimed were unregistered securities. Ripple argued that XRP is a digital asset and that the SEC had not provided clear guidance on the status of cryptocurrencies. While the court continues to review the SEC's claims, it ruled in today's hearing that XRP sales on exchanges would not be considered securities.
iTRUSTCAPITAL'S DECISION TO RELIST XRP:
iTrustCapital had delisted Ripple's XRP token from its platform two years ago. However, following the court's decision, iTrustCapital management announced their plans to relist XRP on the platform. This decision was made in line with the platform's goal of offering its users a diverse asset portfolio. iTrustCapital is known as a platform that allows investors to trade in various assets such as cryptocurrencies and precious metals in their retirement accounts.
ADVANTAGES OF iTRUSTCAPITAL:
iTrustCapital claims to have the lowest fees, highest security, and best liquidity in the industry. Users can trade cryptocurrencies, gold, silver, and other precious metals in their retirement accounts through the platform. Additionally, the platform offers secure storage of assets.
In Summary:
By announcing its plans to relist Ripple's XRP token on its platform, iTrustCapital continues to facilitate cryptocurrency trading. The court decision confirms that XRP will not be considered a security. The advantages offered by iTrustCapital, such as low fees, high security, and good liquidity, contribute to its appeal as a trading platform.
