On Thursday, cryptocurrency exchange Coinbase announced a reversal of its previous policy, stating that XRP trading is now available to its customers in New York. This decision comes after a period of uncertainty surrounding XRP’s regulatory status in the state.
Coinbase Resumes XRP Trading in New York
The announcement made by Coinbase’s chief legal officer Paul Grewal on X, is a significant development for XRP holders in New York. Coinbase suspended XRP trading in the state in January 2021 following the SEC’s lawsuit against Ripple Labs.
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The SEC’s lawsuit alleged that Ripple had engaged in the unregistered sale of securities through XRP. This legal battle cast a shadow over XRP’s regulatory standing and prompted Coinbase to halt trading for New York residents due to the state’s stringent cryptocurrency…
