XRP May Win Gemini Exchange Listing After Court Ruling in SEC Case
U.S. federal court ruled on Thursday that sale of XRP tokens on exchanges and through algorithms did not constitute investment contracts.
Crypto exchange Gemini said it's examining whether to list Ripple's XRP token after a on Thursday that the sale of the tokens on exchanges and through algorithms did not constitute investment contracts.
"Given today's ruling that the sale of XRP on exchanges is not a security, is exploring the listing of XRP for both spot and derivatives trading," the exchange .
The court published the conclusions in an order partially granting a motion for summary judgment in the seminal U.S. Securities and Exchange Commission (SEC) case against the platform.
The XRP token surged more than 60% on Thursday, highest since April of last year, according to CoinMarketCap data.
Edited by Nick Baker.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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