XRP as a cryptocurrency had seen some hard times as it was delisted a couple of months back when SEC filed a lawsuit against the cryptocurrency, stating that it is not a cryptocurrency plain and simple but is a security that remained unregistered and still made transactions breaking a bunch of the codes and violating the policies of the security commission. The lawsuit started in the USA, and the expansion and continuation of the XRP’s services in other regions of the world, such as Asia and Europe, continued uninterruptedly. However, some serious crypto to fiat exchanges did take this whole lawsuit thing a tad more seriously and delisted XRP from their offered cryptocurrencies for trading and other such purposes; the Japanese-based crypto firm DeCurret was one of many to initially delist XRP.
XRP Finally Getting Reinstated after Months of Rejection
But at the moment, when the case against the SEC’s lawsuit is going at a pretty great speed and has taken a lot of turns in favor of XRP, it seems like the crypto exchanges around the world are seeing this and are reinstating XRP back on their platforms and that is why the Japanese crypto to fiat exchange did the same. DeCurret has not only listed XRP back in their trading offering but has allowed the users to trade the cryptocurrency in the form of pairs favoring the use of yen or Bitcoin. This is a positive step forward and, without any doubt, an improvement or long due victory that XRP needed at present.
Despite all these new things coming to the big picture, the SEC lawsuit with the XRP is still going on, and it is not anywhere near the end as it will be when the whole thing is finally over for good, but not at the moment. XRP might turn up victorious from the other side while claiming or sticking to their original motive that it is a cryptocurrency and not a security, but it means that SEC will be coming at other cryptocurrencies stronger than ever. Anyway, the #Relist XRP movement has taken some traction on the social media forums. It seems that all this reinstating of XRP going around worldwide has something to do with this fine movement ahead.