14 Jun 24
 14 Jun 24
 14 Jun 24

EddieJayonCrypto

 24 May 24

tl;dr

Coinbase, a US-based cryptocurrency exchange, has resumed XRP trading for New York users amid the legal dispute between Ripple and the SEC. The decision comes as the court is expected to deliver its judgment soon. Ripple's legal battle with the SEC is approaching a conclusion, with both parties fili...

Key Highlights: Ripple's Legal Battle and Coinbase's XRP Trading

Coinbase, a US-based cryptocurrency exchange, has reopened XRP trading for New York users amidst the ongoing legal dispute between Ripple and the SEC. This decision coincides with the lawsuit's impending judgment.

Ripple's lawsuit with the SEC is nearing conclusion, with potential financial impact and regulatory implications. The FIT21 Act, among other regulatory discussions, may shape the US crypto industry's future.

Coinbase's move signals a changing stance towards XRP while the industry awaits the trial's outcome, which will have broad implications for Ripple and the US cryptocurrency market.

In response to the ongoing legal dispute, Coinbase has reopened XRP trading for New York users, marking a significant shift in approach despite the earlier suspension due to the SEC's lawsuit against Ripple.

As the courtroom drama reaches a critical phase, Judge Analisa Torres is expected to deliver the final ruling soon, shaping the future for Ripple and potentially impacting the broader crypto market in the US.

Ripple's legal battle with the SEC has reached a crucial stage, with both parties filing briefs and awaiting Judge Analisa Torres' final ruling. The court will also rule on Ripple's motion to seal before the judgment.

Latest developments, including the FIT21 Act, hold the potential to affect Ripple's lawsuit and the wider crypto industry. These regulatory discussions aim to provide clarity and support for innovation but face concerns from regulators.

Despite concerns raised by regulators, Coinbase's decision to resume XRP trading in New York reflects a marked shift in its position regarding the cryptocurrency amid Ripple's legal battle with the SEC.

As the trial draws to a close, the industry eagerly anticipates Judge Analisa Torres' ruling, which will determine the outcome and potential financial impact on Ripple, with far-reaching consequences for the broader US cryptocurrency market.

The current price of XRP stands at $0.534, showing no change in the past 24 hours but securing gains of 4.1% over the past fourteen days.

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