Lawyers Have Different Opinions About the Possible XRP’s Relisting
The latest news from the trial between Ripple and SEC left it unclear whether it’s legal to relist XRP. SEC’s representative made it clear that only Ripple and its affiliates could sell it illegally. The XRP community hopes that XRP can be recovered on the crypto exchanges after this statement.
A hashtag #relistXRP is getting viral on the crypto Twitter. But lawyers have different opinions about this possibility. Jeremy Hogan is sure that the exchanges don’t break the law by listing XRP and wouldn’t break it by relisting it.
But the other lawyer, Jessie Heynes, supposes that the exchanges act as dealers here and are responsible according to the law about securities. If the exchanges are considered brokers in this process, they can have big problems.