Does The Decision Of The US SEC On XRP Affect Its Global Expansion?

Perhaps, the HODLers of XRP (XRP) are right when they said that the only reason why Coinbase has not added XRP to its list of tradeable digital currencies is that the Securities and Exchange Commission hasn’t made the decision whether XRP is a security or not.

According to the US SEC, Ethereum (ETH) and Bitcoin (BTC) are decentralized to the point that they don’t need to be regulated by the SEC. This then paved the way for Bitcoin Cash (BCH) and Ethereum Classic (ETH) to be listed on the trading platform this year, while XRP – the third largest digital currency in the world by market cap is yet to be listed by the platform.

Also, the reason why the trading platform added Zcash (ZEC), Cardano (ADA), Stellar Lumens (XLM), Basic Attention Token (BAT), and Ox (ZRX) is that these digital currencies don’t have any pending lawsuit against them.

Does The Pending Lawsuits Of Ripple And The Decision Of The SEC On XRP Really Affect Its Global Expansion?

The answer to this question is a big NO. XRP and Ripple are decentralized from their founding nation. The proof of this is the Ripple and SBI partnership that gave rise to SBI Ripple which is registered in Japan. There’s also an SBI Virtual Currency trading platform that is XRP-oriented.

Secondly, Ripple company is a completely separate entity from the digital currency – XRP. This means that the future and fate of the digital currency is not in the hands of the firm but the hands of the digital currency community. Any decision made by the court against Ripple will in no way affect XRP because they are two different entities.

XRP (XRP) Price Today – XRP / USD

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At the time of writing, XRP (XRP) is trading at $0.4452 after an increase of 1 percent in the last twenty-four hours. The digital currency has a market cap of $17.46 billion and a trading volume of $170.28 million over the past twenty-four hours.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


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