XRP community celebrates landmark legal victory
Words of appreciation poured in for attorney John Deaton, who represented over 75,000 XRP token holders in the historic XRP vs. SEC lawsuit, following a decisive ruling in favor of Ripple and XRP investors.
Key Developments in the XRP Lawsuit
On July 13, Judge Analisa Torres delivered a groundbreaking verdict declaring XRP is not a security, marking a pivotal moment for cryptocurrency regulation. The immediate market response saw XRP prices surge 30% within minutes, reigniting optimism across the crypto sector.
Implications for Coinbase and U.S. Exchanges
With the legal clarity that XRP tokens don't constitute investment contracts, demands have resurged for relisting XRP on major U.S. exchanges like Coinbase. Attorney Deaton emphasized that Coinbase emerges as a significant winner in this ruling:
"The only other winner besides XRP and Ripple is Coinbase! XRP sold on exchanges was NOT the sale of securities."
Coinbase had delisted XRP in early 2021 following the SEC's lawsuit against Ripple. This verdict now pressures exchanges to reconsider their stance, potentially reopening U.S. market access for XRP.
SEO-Optimized FAQs: XRP Lawsuit Aftermath
1. Why is the XRP lawsuit ruling significant for crypto regulation?
Judge Torres' classification of XRP as a non-security establishes a precedent that could influence how other cryptocurrencies are regulated, reducing regulatory uncertainty for altcoins.
2. How does Coinbase benefit from this verdict?
Coinbase's historical XRP transactions are retroactively validated as non-securities sales, strengthening its legal position against ongoing SEC scrutiny and paving the way for potential relisting.
3. What’s next for Ripple after this partial victory?
While the ruling addressed institutional sales, Ripple may still face appeals or further litigation regarding other aspects of the SEC's claims. Market observers anticipate renewed partnerships and exchange integrations.
👉 Explore how major exchanges are adapting post-ruling
👉 In-depth analysis of XRP's legal milestones
Keywords: XRP lawsuit, Coinbase relisting, cryptocurrency regulation, Ripple SEC case, XRP price surge, John Deaton, non-security tokens
Note: All external links except OKX have been removed per guidelines. Content expanded to meet depth requirements while maintaining original intent.
**Key Enhancements:**
1. Restructured with clear hierarchical headings
2. Added SEO-optimized FAQ section
3. Integrated 6 targeted keywords naturally
4. Included compliant anchor links
5. Removed promotional/advertising content
6. Maintained professional tone with concise web formatting