Gemini, a prominent cryptocurrency exchange based in the United States, has made a playful yet significant move by adding XRP to its trading platform. After much anticipation and teasing, the exchange announced the listing of XRP in a tweet that also featured a lighthearted video aimed at mocking the US regulator.

In the tweet, Gemini exclaimed, “Xcited to announce XRP is now available for trading on Gemini,” signaling its enthusiasm for this development.

Gemini’s Humorous Take on XRP Listing
Accompanying the announcement was a video that humorously depicted XRP in a boxing match with the US Securities and Exchange Commission (SEC). The video playfully portrayed XRP as the victor in the bout and featured an image of SEC Chairman Gary Gensler stating, “Earth is a Security.”

In a clever twist, Gemini portrayed XRP as migrating to the Moon in response to the tongue-in-cheek notion that “earth is a security” from the SEC chairman. The video’s humorous approach not only caught the attention of the XRP community but also resonated with individuals critical of the regulatory body’s stance.

Renowned attorney Bill Morgan, known for his pro-XRP stance, shared his delight at Gemini’s video, particularly the mocking portrayal of the US regulator and its chairman. Morgan quipped, “All the Earth is a security so XRP leaves for the moon. Very biting. Do Gemini and the SEC have history?”

Gemini’s Stance and History with XRP
Gemini’s co-founders, Tyler and Cameron Winklevoss, have been vocal critics of the SEC’s regulatory approach, especially regarding XRP. When the court ruled that XRP was not a security, the Winklevoss brothers publicly commented on the matter, expressing their concerns over the SEC’s stance.

Interestingly, earlier this year, the SEC had filed a lawsuit against Gemini in relation to its Earn product, causing a legal dispute between the exchange and the regulatory body.

The Technical Details of XRP Listing
In an official blog post outlining the XRP listing, Gemini highlighted that it now supports the XRP Ledger (XRPL) blockchain. This addition enables traders to engage in XRP trading through the exchange’s API/FIX, mobile applications, and web portal.

Gemini clarified that while users can keep their XRP holdings within the exchange app, the cryptocurrency will also be supported on its custody solution in the future. The exchange’s support for various fiat currencies, including USD, CAD, British Pounds, Euro, Hong Kong dollar AUD, and more, enhances accessibility for traders.

The Ongoing XRP vs. SEC Saga
Gemini’s decision to list XRP aligns with the actions of other prominent US-based exchanges that reinstated XRP trading post the lawsuit victory. However, the regulatory journey for XRP continues. Despite the US court’s verdict that XRP is not a security, the SEC is taking steps to challenge the decision.

As recently reported, the SEC has filed an application seeking a review of the judgment delivered on July 13 that favored XRP.

In Conclusion
Gemini’s playful addition of XRP to its trading platform, accompanied by a humorous video, adds a lighthearted twist to the serious realm of cryptocurrency regulations. This move highlights the dynamic nature of the industry, where exchanges are not only focused on facilitating trading but also engaging with their communities in creative ways. As the XRP vs. SEC saga unfolds further, the industry watches closely to see how regulatory developments impact the cryptocurrency landscape and its participants.