Crypto News: XRP Relisted on Gemini, SEC Criticized
On the occasion of the relisting of XRP on crypto exchange Gemini, Tyler Winklevoss, the co-founder at Gemini, criticized the U.S. Securities and Exchange Commission (SEC) for its attitude towards the crypto market. Winklevoss stated that the SEC has resorted to suing everyone instead of providing clear rules for the cryptocurrency industry. He believes that America deserves better in terms of handling rulemaking for crypto.
Gemini Co-founder Slams Gary Gensler
- Tyler Winklevoss heavily criticized SEC Chair Gary Gensler for resorting to anti-crypto enforcement actions.
- He mentioned that the SEC lost its case against Ripple and a judge had to provide clarity when Gensler wouldn’t.
- Winklevoss emphasized the need for clear rules for the crypto industry.
XRP Available for Trading on Gemini
- Gemini has relisted XRP after a three-year gap due to the SEC’s lawsuit against Ripple.
- XRP can be traded with seven fiat currencies on Gemini: USD, GBP, EUR, CAD, SGD, HKD, and AUD.
- The price of XRP has been on a steady downward curve compared to its recent highs following the Ripple lawsuit summary judgment.
- Gemini was late to resume XRP trading, as Coinbase and Kraken immediately relisted the token after the judgment.
Hot Take: SEC’s Approach to Crypto Rules
The relisting of XRP on Gemini has brought attention to the SEC’s handling of rulemaking for the crypto market. Tyler Winklevoss’s criticism highlights the need for clear rules instead of relying on lawsuits. This situation raises questions about the regulatory landscape and the impact it has on the growth and innovation of cryptocurrencies.
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