XRP has made a significant comeback after a 2023 U.S. court ruling declared it is not a security when sold on exchanges. This decision led to major platforms like Coinbase relisting XRP, marking a pivotal moment for the cryptocurrency, which had faced regulatory challenges since the SEC's lawsuit against Ripple in 2020.
The relisting of XRP has reignited discussions within the crypto community, particularly around a resurfaced tweet by Michael J. Casey, who had previously declared "Game over" for XRP following its delisting by Coinbase. Despite past predictions of its downfall, XRP's resilience is evident as it continues to trade actively, overcoming what many saw as an existential threat.
Additionally, the resurfacing of emails linked to Jeffrey Epstein, mentioning Michael Casey, has fueled speculation about early industry dynamics affecting XRP. Ripple's CTO Emeritus, David Schwartz, dismissed conspiracy theories, attributing past challenges to typical early crypto rivalries rather than coordinated efforts to suppress XRP.
XRP Triumphs Over SEC Lawsuit, Relisted on Major Exchanges
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