Coinbase CLO just tweeted they are going to re-list XRP after carefully reviewing the Judges decision that XRP to retail investors does not meet the HOWEY definition of a security. After lawyers combed through the details, apparently the SEC would have to prove in court otherwise one by one which appears to be almost impossible, so a very clear bonus for XRP retail holders. I wonder what will happen tonight when the Asian crypto markets wake up to all this news? XRP has such a massive following in Asia and Australia and is the favorite coin amongst many there.
I remember recently reading about the excitement in Korea and Australia recently about XRP so it's going to be something to behold come tomorrow.
" https://twitter.com/iampaulgrewal/status/1679576508036259840 "
"Coinbase will re-enable trading for XRP (XRP) on the XRP network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset remain available on u/Coinbase & u/CoinbaseExch in the regions where trading is supported"
" We've read Judge Torres' thoughtful decision. We've carefully reviewed our analysis. It's time to relist"
"Update:" Had to modify the first two sentences from my OP as the lawyers have more facts now and apparently it is a big win for XRP retail as after they scrutinized the Judge's documents, it would be up to the SEC in court to prove on a case by case basic that retail investors purchased a security and as the way it stands now, retail XRP does not meet all the prongs of the Howey Test.
Coinbase and Gemini said today they are going to re-list xrp after carefully reviewing all the documents as well, so quite a big day in crypto!
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