Coinbase Resumes XRP Trading Services for New York Customers After Regulatory Hurdles
Thursday, 23 May 2024, 15:11
Coinbase Resumes XRP Trading for New York Customers
Coinbase has reopened trading of XRP for New York users, reversing the suspension implemented in January 2021 due to SEC proceedings against Ripple Labs.
Regulatory Issues Prompted Suspension
Coinbase halted XRP trading following allegations from the SEC that Ripple sold unregistered securities through XRP sales, leading to widespread suspensions across platforms.
Future Uncertainty for XRP
Despite the latest positive development, regulatory uncertainties, such as the FIT21 bill, present challenges for Ripple as it addresses concerns regarding its substantial XRP ownership.
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