Coinbase Resumes XRP Trading in New York
Main page News, Ripple, Coinbase

On May 23, Coinbase's chief legal officer Paul Grewal announced customers in New York could resume trading XRP on the platform after a nine-month hiatus.

Following the SEC's lawsuit against Ripple in 2020, XRP has faced numerous challenges and scrutiny from government regulators and centralized exchanges.

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In response, many exchanges, including Coinbase, Bittrex and Binance.US, delisted XRP due to concerns over its status as an unregistered security.

However, after a court ruling declared that secondary sales of XRP were not securities transactions, these platforms listed the token again.

XRP continues to face regulatory challenges in certain regions, such as Japan and New York.

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