Gemini, the US-based crypto exchange, announced its support for XRP following Ripple’s recent legal breakthrough.
Gemini Enables XRP Deposits
Effective immediately, Gemini users can deposit XRP tokens on the platform. This decision comes after a prolonged absence due to the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).
In December 2020, the SEC filed a lawsuit against Ripple Labs, alleging that the company conducted an unregistered securities offering by selling XRP tokens.
Consequently, several leading cryptocurrency exchanges, including Gemini, decided to delist XRP from their trading platforms to mitigate any potential regulatory risks. This move left XRP holders and traders uncertain about the future of the digital asset.
However, the recent partial victory achieved by Ripple Labs in the court battle against the SEC has spurred Gemini to reconsider its stance on the token.
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