Just in: Coinbase relists Ripple (XRP) for trading in New York

Coinbase’s latest announcement has stirred the Ripple community. The US-based crypto exchange has resumed XRP trading for investors in New York. 

📢 Exciting news for our New York users! XRP (XRP) is now available to NY residents on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps. pic.twitter.com/Nbnqr6BphE

— Coinbase Assets 🛡️📞 (@CoinbaseAssets) May 23, 2024

That comes as the unrelenting Ripple vs. SEC battle seems to reach an end, considering the regulator’s recent court defeats. 

Moreover, this comes after XRP lawyer unveiled plans to represent Coinbase clients in the fight against the US Securities & Exchange Commission.

Coinbase resumes XRP trading

The SEC lawsuit against the remittance token has been on for years and has plagued XRP in various ways. 

For instance, many trading platforms distanced themselves from the altcoin to comply with regulators. 

Nonetheless, recent developments favor Ripple, attracting the fled entities back. Crypto firms increasingly view the SEC’s power over the digital assets industry as uncertain and weak. 

Moreover, the 2023 Summary Judgement clarified that selling Ripple’s token in the secondary market doesn’t violate securities laws.

While the SEC continues to lose grip in the crypto world, New York investors can now trade XRP on Coinbase. 

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