XRP Relisting Demands Resurface Amid Delay in SEC Case Hearing
The demands for the relisting of XRP have resurfaced as the hearing in the U.S. Securities and Exchange Commission (SEC) case against Ripple has been delayed yet again. Multiple exchanges across the world had delisted XRP consequent to the SEC lawsuit filing.
On December 28, 2020, The U.S. District Court of Southern New York issued an order providing Ripple Labs and its two executives a delay for oral arguments in their case against SEC until February 22, 2021.
The hearing was scheduled for January 15, 2021, but was pushed ahead two months due to an agreement between both the parties involved. The order stated that Ripple had consented to an extension of time to respond its answer brief on or before January 14.
In response to this latest news around XRP, many crypto enthusiasts have raised their voice on social media platforms demanding exchanges to relist XRP tokens.
Presently, Coinbase is among major crypto exchanges that offer trading services for XRP tokens. However, Binance suspended all deposits and withdrawals of XRP tokens on December 29.
Due to SEC’s lawsuit against Ripple Labs, a number of crypto exchanges including OKCoin, Crypto com, CrossTower and Bitstamp suspended support for XRP trading and consequently led to a plunge in its prices.
Though many members from the crypto community have raised their voices for relisting of XRP tokens, exchanges are yet pending clarification from SEC.< p/> < p/>Several polls conducted by cryptocurrency analysts earlier in December showed that majority of people now believe that SEC’s lawsuit will not be successful against Ripple.< p/>