Altcoins News
By James Thorp
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Key Moments in XRP’s Legal Struggles. XRP’s legal saga began with significant developments in 2019.
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The Role of John Deaton in the XRP Case. John Deaton, a prominent attorney and advocate for Ripple and XRP holders, has been vocal…
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Growing Institutional Interest in XRP. Coinbase’s move to offer XRP futures contracts signals a broader trend of growing institutional…
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Conclusion. Coinbase’s filing for XRP futures marks a pivotal moment in the cryptocurrency market and reflects…
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Coinbase Derivatives has filed with the Commodity Futures Trading Commission (CFTC) to offer XRP futures contracts, which are set to be available for trading starting April 21,…
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Coinbase’s filing is a vital step in XRP’s growing market presence, especially in light of the legal challenges it has faced.
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XRP’s legal saga began with significant developments in 2019. In January of that year, Coinbase met with the SEC to discuss XRP’s regulatory classification.
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In February 2019, XRP was officially listed on Coinbase, marking a milestone for the asset and providing a major boost to its legitimacy.
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However, in December 2020, the SEC filed a lawsuit against Ripple, claiming that XRP was being sold as an unregistered security.
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Despite these setbacks, XRP gained a major legal victory in July 2023 when Judge Analisa Torres ruled that XRP was not a security.
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Deaton’s perspective underscores the frustration felt by many in the XRP community who have had to navigate years of uncertainty.
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This development also aligns with the increasing number of filings for XRP ETFs from firms like Bitwise, 21Shares, and Franklin Templeton.
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The success of futures contracts and ETFs would further solidify XRP’s place in mainstream finance, making it more accessible to a wider range of investors.
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Coinbase’s filing for XRP futures marks a pivotal moment in the cryptocurrency market and reflects growing confidence in XRP’s legal standing.
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