{"id":153366,"date":"2021-01-13T12:43:17","date_gmt":"2021-01-13T09:43:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gatehub-to-continue-supporting-xrp-despite-ripples-legal-issues\/"},"modified":"2021-01-13T12:43:17","modified_gmt":"2021-01-13T09:43:17","slug":"gatehub-to-continue-supporting-xrp-despite-ripples-legal-issues","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gatehub-to-continue-supporting-xrp-despite-ripples-legal-issues\/","title":{"rendered":"# GateHub to continue supporting XRP despite Ripple’s legal issues"},"content":{"rendered":"

“# GateHub to continue supporting XRP despite Ripple’s legal issues <\/strong>”
\n<\/p>\n

As Ripple faces serious legal charges over its associated token XRP, many crypto platforms have decided to drop support for the coin until things are settled.\u00a0\u00a0<\/p>\n

However, GateHub, a United Kingdom-based cryptocurrency gateway service, has decided to continue listing XRP.<\/p>\n

According to a Jan. 12 announcement<\/a>, GateHub will not delist XRP unless a decision from the United States Securities and Exchange Commission makes it necessary:<\/p>\n

\u201cPlease be advised that GateHub Ltd. will continue listing XRP until the SEC\u2019s complaint against Ripple is adjudicated and a final decision entered that XRP is properly classified as a \u2018security,\u2019 or until we receive a cease-and-desist notice from the SEC.\u201d<\/p><\/blockquote>\n

GateHub said that the decision to keep XRP on its platform follows some careful review of the SEC\u2019s complaint against Ripple, which claimed that the firm sold\u00a0XRP as an unlicensed security. GateHub expressed optimism about the future of XRP, claiming that the company is confident that XRP is not a security:<\/p>\n

\u201cWe have never believed that XRP is a \u2018security\u2019 under the prevailing \u2018Howey\u2019 test in the US, and regard XRP primarily as a \u2018utility\u2019 token whose value is based on its use in payments and foreign exchange. Nor have we personally witnessed any improper market conduct by Ripple Labs or its senior officers.\u201d<\/p><\/blockquote>\n

The firm went on to say that Ripple should be subject to app<\/a>ropriate enforcement actions if U.S. authorities prove that Ripple and related executives have defrauded investors. But that is a far cry from an action brought by the SEC classifying XRP as a security, GateHub said, emphasizing that this action potentially has catastrophic consequences for investors who did nothing wrong.<\/p>\n

GateHub\u2019s decision to keep XRP on its platform is another twist in a series<\/a> of events in the aftermath of the SEC filing a $1.3 billion lawsuit against Ripple on Dec. 22, 2020. A number of major crypto companies including Coinbase, Binance.US, and OKCoin subsequently delisted XRP, while some companies like Uphold, and now GateHub, have decided to keep XRP until the lawsuit is resolved.<\/p>\n

As Cointelegraph previously reported, Binance.US is preparing to delist XRP today. On Jan. 11, the CEO of Bakkt, one of the biggest U.S.-based cryptocurrency companies, said that the firm\u00a0will not list XRP as part of its further product development.<\/p>\n