New Era

Read

Status

<ul> 
 <li>Ripple excludes XRP from Liquidity Hub due to SEC’s pending appeal and potential legal risks.</li> 
 <li>Ripple prioritizes customer and shareholder demands over adding XRP immediately.</li> 
 <li>XRP continues to hold a position in the top five cryptocurrencies by market capitalization.</li> 
</ul> 
<p>The blockchain-based payment giant Ripple has chosen to keep XRP off its Liquidity Hub’s list of supported assets despite XRP recently receiving legal clarity as a digital asset. This decision has puzzled the XRP community and triggered speculations about its implications.</p> 
<p>Attorney Bill Morgan, based in Australia, shed light on the rationale behind Ripple’s exclusion of XRP. He pointed to unresolved issues related to Ripple’s use and sale of XRP, compounded by the US Securities and Exchange Commission’s (SEC) pending appeal in the ongoing SEC vs. Ripple lawsuit, as critical factors influencing the decision. Despite a federal court ruling in July that XRP is not a security, the SEC’s intent to challenge this decision with an interlocutory appeal has introduced uncertainty.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">XRP has clarity as not itself a security but Ripple's use or sales does not have final clarity given the SEC's intent to appeal. If Ripple uses XRP in LH can it or its customers be certain this will not attract SEC enforcement until the lawsuit &amp; any appeal is finally resolved./1 <a href="https://t.co/fDrhDjEd1U">https://t.co/fDrhDjEd1U</a></p>— bill morgan (@Belisarius2020) <a href="https://twitter.com/Belisarius2020/status/1702873126999380477?ref_src=twsrc%5Etfw">September 16, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Ripple appears to prioritize the demands of its customers and shareholders over the immediate addition of XRP to Liquidity Hub. This strategic choice aligns with Ripple’s position that there is no common enterprise between XRP holders and the company, thus implying no legal obligations from Ripple to XRP holders stemming from XRP token purchases.</p> 
<p>Despite Ripple’s decision to exclude XRP from Liquidity Hub, XRP has managed to maintain its position in the top five cryptocurrencies by market capitalization. At the time of writing, XRP boasts a market capitalization of $26,573,976,393 billion, solidifying its presence in the crypto market.</p> 
<p>While Ripple’s stance on XRP’s inclusion in Liquidity Hub remains unchanged for now, Attorney Morgan speculates that Ripple may reconsider its decision in the future.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/crypto-market-reacts-to-secs-complaint-against-binance/">Crypto Market Reacts to SEC’s Complaint Against Binance</a></li>
 <li><a href="https://cryptonewsland.com/revolutionary-ripple-hub-shakes-up-crypto-fiat-landscape-a-new-era-begins/">Revolutionary Ripple Hub Shakes Up Crypto-Fiat Landscape: A New Era Begins</a></li>
 <li><a href="https://cryptonewsland.com/bank-of-america-can-optimize-xrp-with-ripples-liquidity-hub-expert-says/">Bank of America Can Optimize XRP with Ripple’s Liquidity Hub, Expert Says</a></li>
 <li><a href="https://cryptonewsland.com/jamaica-to-launch-cbdc-jamaica-digital-exchange/">Jamaica to Launch CBDC Jamaica Digital Exchange</a></li>
 <li><a href="https://cryptonewsland.com/ripple-exchange-soon-company-to-launch-liquidity-hub/">Ripple Exchange Soon? Company to Launch Liquidity Hub</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/xrps-triumph-holding-top-5-status-despite-exclusion-from-ripple-liquidity-hub/">XRP’s Triumph: Holding Top 5 Status Despite Exclusion from Ripple Liquidity Hub</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP’s Triumph: Holding Top 5 Status Despite Exclusion from Ripple Liquidity Hub

Crypto News Land

Other articles published on Sep 16, 2023

Solana’s Strong Contender: Why Bitcoin Spark is the Dark Horse of Crypto

Cardano expands, investors eye Domini.art’s growth

Will Bitcoin (BTC) Price Spike To $30K in Coming Week? Glassnode Co-Founder Weighs In

XRP Advocate and Crypto Lawyer John Deaton Joins LBRY Lawsuit – Here's the Latest

Terpopular Sepekan BMI: Pengguna Metamask Bisa Tarik Uang hingga Investor Crypto Muda

Tether (USDT) Movement Signals ‘Future Buy Interest’ As Bitcoin and Ethereum Supply on Exchanges ...

Join our free newsletter for daily crypto updates!