XRP has been reinstated to the TaiFu™ 30 Crypto Index, with a weighted share of 2.756%. This follows a crucial legal ruling in July, dispelling the SEC’s claim of XRP being a security, and leading to its re-listing on major exchanges. The SEC lawsuit in December 2020 had a cataclysmic effect on XRP, leading to delistings from prominent exchanges and curtailing liquidity access for traders. However, the legal tides began to turn in July, when Judge Analisa Torres ruled that XRP couldn’t be classified as a security whilst traded on secondary marketplaces. This ruling sparked a re-listing spree on eminent platforms such as Coinbase, Binance, Kraken, and a debut listing on Gemini.The inclusion of XRP in the TaiFu™ 30 Crypto Index is a testament to its resurgence, and a shift in market sentiment. Though its weighted share is much lower than Bitcoin’s 49.353% and Ethereum’s 19.413%, the index inclusion itself is a symbolic gesture of XRP shedding its legal quagmire and gaining market recognition.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 9 |
| People | Gemini., Coinbase, Analisa Torres, Kraken, Binance, Ripple Labs |
| Companies | Coinbase, Kraken, Binance, SEC (United States Securities and Exchange Commission), Ripple Labs, Gemini, TaiFu™ 30 Crypto Index |
| Currencies | XRP, Bitcoin, Ethereum |
| Securities | None |
