Crypto exchange Gemini said its exploring relisting of Ripple’s token after a U.S. federal court ruled on Thursday that sale of XRP tokens on exchanges and through algorithms did not constitute investment contracts.
Gemini delisted XRP from its platform on Dec. 7 of 2020.
The court published the conclusions in an order partially granting a motion for summary judgment in the seminal U.S. Securities and Exchange Commission (SEC) case against the blockchain platform.
XRP token surged more than 60% on Thursday, highest since April of last year, according to CoinMarketCap data.
Read more: Ripple’s XRP Token Surges 57% After Court Rules XRP Sales Aren’t Investment Contracts
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