This move comes in the wake of a recent statement by the judge handling the ongoing lawsuit between Ripple and the Securities and Exchange Commission (SEC), affirming that the sale of XRP on exchanges does not fall under the category of securities.
iTrustCapital had previously delisted XRP from its platform two years ago but has now reevaluated its position.
In December 2020, the SEC filed a lawsuit against Ripple, alleging that the company raised over $1.3 billion through the sale of XRP tokens, which the SEC considers securities subject to regulatory registration requirements.
Ripple, on the other hand, has consistently argued that XRP is a digital asset rather than a security. The lawsuit has sparked extensive debates about the regulatory status of cryptocurrencies and the need for clearer guidelines from regulatory bodies like the SEC.
iTrustCapital, a reputable platform for trading and investing in cryptocurrencies and precious metals, has decided to relist XRP on its platform.
The recent ruling by the judge in the Ripple-SEC lawsuit likely influenced this decision, providing iTrustCapital with the legal clarity needed to reintroduce XRP to its users.
As a platform catering to retirement accounts, iTrustCapital offers investors the opportunity to trade and invest in various assets, including cryptocurrencies and precious metals like gold and silver.
iTrustCapital boasts several advantages that make it an appealing platform for investors. The platform claims to offer the lowest fees, highest security standards, and excellent liquidity within the industry.
By providing users with the ability to trade and hold cryptocurrencies like XRP in their retirement accounts, iTrustCapital offers a unique investment avenue that aligns with the evolving landscape of digital assets.