Lawyer Reveals Why US Exchanges May Relist XRP

Do you know what happened with XRP? XRP, the digital currency associated with Ripple, was delisted from major US exchanges in December 2020 after the SEC filed a lawsuit against Ripple Labs, alleging that XRP was an unregistered security.

The news shocked the crypto market and led to a sharp decline in the value of XRP. Nevertheless, some experts believe that US exchanges may relist XRP soon. One of these experts is John Deaton, a lawyer who has been fighting for XRP's reinstatement on behalf of XRP investors.

Why US exchanges may relist XRP, according to John Deaton

John Deaton argues that US exchanges may relist XRP for several reasons:

• SEC's lawsuit is not strong enough: In Deaton's view, the SEC has a weak case against Ripple and XRP. "The SEC's lawsuit is based on an outdated and disproven legal theory that XRP is a security," Deaton said in a recent interview with Crypto Eri. "The SEC is trying to apply the Howey test, which is a test that was developed in the 1940s, to a digital asset that was created in 2013."
• XRP has utility: XRP is not just a digital asset, but also a payment protocol that has been used by financial institutions and companies worldwide. Deaton argues that XRP's utility makes it more like a currency than a security. "XRP has a real-world use case," Deaton said. "There are over 200 companies that are building on the XRP ledger, and there are billions of dollars worth of XRP being traded every day."
• Ripple is willing to settle with the SEC: Ripple has expressed its willingness to settle with the SEC and pay a fine if necessary. According to Deaton, this shows that Ripple is confident in its position and that the SEC's case is not as strong as they claim. "Ripple has a strong legal team and a lot of resources," Deaton said. "If they were really worried about the SEC's case, they wouldn't be willing to settle."

Based on these arguments, Deaton believes that US exchanges may relist XRP soon, and that XRP investors may see a significant increase in the value of their holdings once the relisting happens.

Examples of XRP relief efforts by XRP investors and supporters

Deaton is not the only one fighting for XRP's reinstatement. XRP investors and supporters have launched several relief efforts, including:

• XRP Community Fund: A fund that aims to provide financial support to Ripple and XRP's legal team in its fight against the SEC.
• XMRLegal Fund: A fund that aims to provide financial support to XRP investors who have been affected by the SEC's lawsuit.
• Boycott SEC-registered stocks: A campaign that urges XRP investors to boycott stocks that are registered with the SEC, in order to show the regulator that its actions have real-world consequences.

These relief efforts have gained traction among the XRP community, and demonstrate the level of support that XRP has among its users and investors.

Conclusion

1. The reason why US exchanges may relist XRP soon is that the SEC's lawsuit is not strong enough, XRP has utility, and Ripple is willing to settle with the SEC.
2. XRP investors and supporters have launched several relief efforts to help XRP's reinstatement and show their support.
3. If XRP is relisted on major US exchanges, it may see a significant increase in value, and XRP investors may see a positive outcome that will benefit them."

Reference: https://coingape.com/lawyer-reveals-why-us-exchanges-may-relist-xrp/

Keywords: XRP, Ripple, SEC, digital currency, cryptocurrency, US exchanges, John Deaton, lawsuit, relief efforts, utility, settlement

Category: Cryptocurrency/Blockchain