XRP will be re-listed on a major US exchange if this happens, suggests Jeremy Hogan
A recent question from a member of the XRP community has raised speculation as to whether or not Ripple can move forward and whether Coinbase will put XRP back on sale if Judge Torres rules in favor of Ripple and the SEC does. call. The question was directed at pro-cryptos lawyer Jeremy Hogan, who answered with a mixed yes. However, the attorney said there is no guarantee what Coinbase could do, as it has not been consistent in the past.
The investigation by a member of the XRP community was inspired by Hogan’s tweet about the SEC case against Rio Tinto. Judge Torres made a pivotal decision against the SEC in this case, which the SEC later appealed. Although the appeals court ultimately upheld Judge Torres’ decision, the entire process took a considerable amount of time. According to Hogan, it’s best not to wonder how long the process took.
As court documents show, the SEC was granted permission to file an interlocutory appeal with the Second Circuit in August 2021. The appeal was argued in May 2022 and a decision was made in July 2022. Although this case is not not directly related to Ripple, this provides insight into the potential timing of legal proceedings surrounding XRP.
Coinbase, one of the leading digital currency exchanges in the United States, removed XRP from its platform in January 2021 after the Securities and Exchange Commission filed a lawsuit against Ripple Labs, the crypto company linked to XRP. The SEC accused Ripple of an unregistered securities offering by selling tokens to investors. The delisting of XRP by Coinbase and other exchanges had a noticeable effect on the price of the cryptocurrency.