Tyler Winklevoss confirmed on Twitter that Gemini has relisted XRP. This decision was made after Ripple achieved a partial victory in a legal battle with the SEC. Judge Analisa Torres has ruled that “programmed sales” of XRP on exchanges have nothing to do with securities. Therefore, Gemini joined other cryptocurrency exchanges in returning trading pairs with XRP.
According to Winklevoss, the American regulator is ready to sue all cryptocurrency companies instead of setting clear rules for the industry. This clarity was provided by a federal court, while SEC Chairman Gary Gensler failed to achieve this. American crypto investors deserve a better future, Winklevoss noted.
$XRP is now available on @Gemini. It’s important to note how we got here. Instead of creating clear rules for crypto, the @SECGov has been recommended to suit everyone. It lost its case against Ripple and a judge provided clarity when @GaryGensler wouldn’t. America deserves better. https://t.co/7adpGwAyLb
— Tyler Winklevoss (@tyler) August 11, 2023
Shortly after its listing on Gemini, the exchange rate for XRP jumped to a whopping $50. Some users began to post relevant screenshots on Twitter. Many believed that this jump was due to a technical glitch on the Gemini. Meanwhile, XRP is currently trading at $0.63.
major exchange @Gemini had a glitch.
$50 per #XRP! pic.twitter.com/UBEWN7Rv7j
— JackTheRippler ©️ (@RippleXrpie) August 10, 2023
Recall that in May, Gemini and cryptocurrency lender Genesis Global Capital demanded that the court dismiss the SEC’s lawsuit to permanently injunction the Gemini Earn program. In January, the agency accused these companies of unregistered sale of securities.
Source: Bits
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