Crypto exchanges relist XRP amid Ripple’s partial victory in US
Coinbase, Kraken, and other centralized exchanges in the United States are relisting XRP following Ripple’s ‘partial’ victory over the SEC. In what has been described as a huge landmark and watershed moment for the crypto verse, Judge Analisa Torres of the Southern District Court of New York ruled on July 13 that XRP cannot be entirely considered a security. The ruling is not a clear-cut victory for Ripple. The judge made it clear that the company’s sale of XRP to institutional investors can be considered an investment contract under the status of the Howey test. However, the judgment has injected an air of optimism and renewed investor confidence in XRP and altcoins in general. “Having considered the economic reality of the Programmatic Sales [of XRP], the Court concludes that the undisputed record does not establish the third Howey prong. Whereas the Institutional Buyers reasonably expected that Ripple would use the capital it received from its sales to improve the X...