BinanceUS community urges to relist XRP following SEC lawsuit. Following the recent charges against Binance, Edward Farina, the Head of Social Adoption for XRPHealthcare and CEO at Alpha Lions Academy, has made a plea to BinanceUS, the US-based subsidiary of Binance. He requested that they relist XRP as a commendable action to protect the cryptocurrency industry and counter the actions of US regulators.
BinanceUS Community Urges to Relist XRP Following SEC Lawsuit
Given the recent charges against Binance, Edward Farina, the Head of Social Adoption for XRPHealthcare and CEO at Alpha Lions Academy, has made a request to BinanceUS, the US-based subsidiary of Binance. Farina emphasized the importance of relisting XRP as an honorable action, aimed at protecting the cryptocurrency industry and standing up against the US regulator.
Farina urged for a collective stance against the US Securities and Exchange Commission (SEC), asserting that the act of relisting XRP would serve as a strong statement of resistance against the SEC’s allegations.
Crypto Assets Guy asked Coinbase if they would delist all SEC-mentioned assets in a lawsuit against Binance.
Farina’s tweet resonated with XRP supporters, who echoed his viewpoint and emphasized the necessity of a united response to safeguard the digital asset.
It is worth noting that this call for action arises following Binance CEO Changpeng Zhao (CZ) questioning whether SEC Chairman Gary Gensler pays attention to the concerns expressed by the very consumers he claims to protect. This remark underscores the mounting grievances against the SEC from the very investors the agency aims to safeguard.
The catalyst for this movement was the SEC’s legal action against Binance and its CEO Changpeng Zhao, alleging a range of charges including deception, conflicts of interest, lack of disclosure, and evading the law.
Recall that BinanceUS had previously delisted XRP, thereby prohibiting its users from depositing the cryptocurrency since January 13, 2021, shortly after the SEC filed a lawsuit against Ripple Labs. Following the lawsuit, the exchange joined other US-based platforms like Coinbase and Kraken in suspending support for XRP.
However, recent developments have raised doubts about the prudence of this decision. Notably, the SEC recently classified Algorand (ALGO) as a security, yet exchanges like Coinbase have not delisted the asset as they did with XRP. The crucial question now is whether these platforms will delist the crypto assets included in the SEC’s new list of securities or relist XRP to demonstrate fairness.
To access more crypto news: cryptodataspace.com
Leave a comment