Despite the SEC lawsuit, Ripple is still getting some support from the investors as after Uphold, Gatehub decides not to halt XRP trading or delist XRP from their platform.
As per the announcement made on 12th January by the UK-based crypto exchange Gatehub, they are not following the course many have attended, citing the potential threat XRP trading can bring to their platforms.
After reviewing the lawsuit SEC filed against Ripple Labs, not finding any clear direction to halt or delist XRP, they decided to keep its native coin on their platform until the issuance of any further directions. Gatehub stated:
“Please be advised that GateHub Ltd. will continue listing XRP until the SEC’s complaint against Ripple is adjudicated and a final decision entered that XRP is properly classified as a “security,” or until we receive a cease-and-desist notice from the SEC”
Gatehub asserted that they have always perceived XRP as a digital coin, not as security, and never observed any “improper market conduct” by Ripple Labs or its management. The exchange stated, mentioning that they are building a payment business on XRP ledger which reflects their belief in Ripple, they would never have continued their business with Ripple if SEC would have issued any guidance whatsoever concerning it. They also praised the open-sourced nature of the XRP’s ledger as they noted that if for say Ripple is closed tomorrow it would not mean that XRP is also sealed as it depends on the consensus.
They further stated that if Ripple or any of its senior executives found guilty of any fraud “they should be subject to appropriate enforcement actions, and be forced to disgorge any ill-gotten gains”, as Gatehub remained optimistic that the litigation will not cause much long-term harm to the Ripple and will, in fact, provide the clear path concerning the dealings of cryptocurrencies under the US securities laws.
Ripple’s Co-Founder Suggests that “Crypto Industry should Reconsider Proof-of-Work.”
Lawyer James K. Filan Says XRP Community Could Make A Huge Impact On Ripple Vs. SEC Case
$33M Injected Into XRP Products Within One Week Boosting AUM Of the Sector Up
How Is the XRP Lawsuit Going And How Investors Make More Money on the Recent Fluctuation of XRP Prices?
XRP Holders are Seeking intervention in the SEC’s Lawsuit Against Ripple
Recent Press Release
The Best NFT & DeFi Project Token Sale, TimeCoin(TMCN)
The best opportunity to invest in TimeCoin(TMCN) to realize both capital and income gain. The Special Token Sale of TimeCoin...
Place 1xBit bet BTC and Win
cryptocurrency is very much valued in the modern world, because it allows fast and secure transactions in different parts of...
Hips Payment Group Launches Merchant Token (MTO), a Cryptocurrency That Will Bring Consumer Protection to Blockchain Payments
Solution supports decentralized finance (DeFi) trend with consumer protection via smart contracts. DUBLIN, Ireland (April 1, 2021) – HIPS Payment...
Best 5 Crypto Social Trading Platforms
Over the past few years, technology has brought about drastic changes in how people approach the subject of investment. As...
TimeCoin (TMCN) Special Token Sale is Live Join Now!
The Special Token Sale of TimeCoin (TMCN) was launched on February 15th, 2021, with a 93% discount on the token’s...