“RelistXRP” Campaign: XRP Supporters Urge Crypto Exchanges to Comply

XRP supporters have taken to Twitter to urge crypto exchanges to “Relist XRP,” a hashtag that has gone viral on the social media app.

March 23, 2021 | AtoZ Markets Members of the XRP Army, supporters of the XRP token, have started an online movement to pressure crypto exchanges to put the digital asset back up for sale amid Ripple faces a lawsuit from the Securities and Exchange Commission (SEC).

According to Twitter user MackAttackXRP, the hashtag "RelistXRP" was trending in the Netherlands today, with some users reporting that the social media movement was gaining ground in Australia, the United States, and the United Kingdom. Twitter data showed more than 35,000 tweets with the hashtag in the Netherlands, more than 30,000 tweets in the US, and approximately 24,000 in Australia.

The campaign would be an attempt to draw attention to cryptocurrency exchanges that have removed or suspended XRP token trading. In December, the SEC accused Ripple CEO Brad Garlinghouse and co-founder Chris Larsen of conducting a "continuous offering of unregistered digital asset securities" for their XRP sales. In response to the lawsuit, many crypto exchanges announced that they would suspend XRP trading or remove the token entirely. Global money transfer service MoneyGram has also terminated its partnership with Ripple.

Related: MoneyGram Suspends Trading on Ripple Platform Due to SEC Lawsuit

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Exchanges that have stopped or delisted XRP trading include Coinbase, OKCoin, Bittrex, Bitstamp, Binance.US, Crypto.com, iTrustCapital, eToro, Genesis, Nexo, Wirex, Ziglu, CEX, STEX, Abra , Blockchain.com, and Coingate. Other cryptocurrency companies have postponed taking action against the token. For example, Uphold said it will not delist XRP until the SEC's lawsuit is resolved, while Indonesian crypto exchange Indodax said the token "is at risk of being delisted ."

More than 6,000 XRP holders lost a motion filed on their behalf in the SEC's case against Ripple to insert themselves as third-party defendants. The motion to intervene argued that the interests of XRP token holders were not adequately represented in the lawsuit against Ripple and its executives.

At the time of this report, the price of XRP is $0.58, up 10.48% in the last 24 hours.

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