[ad_1] <br><div> <p>The cryptocurrency winter that started in 2022 has resulted within the closure of a number of centralized exchanges as a result of vital shrinkage in whole traded quantity. Nevertheless, the rise of decentralized exchanges (DEXes) is predicted to result in extra centralized exchanges following the chapter safety path taken by FTX and Alameda. In the meantime, Coinbase International Inc is struggling to remain afloat earlier than the following crypto bull market, which is predicted after subsequent 12 months’s Bitcoin halving.</p> <h2><strong>Crackdown on Crypto Initiatives</strong></h2> <p>Aside from the cryptocurrency winter, monetary regulatory companies in the USA have begun cracking down on crypto initiatives, citing their operation with out registration for securities licenses. The SEC accused the Kraken cryptocurrency trade of providing unregistered securities by way of a staking program, which led to Kraken being caught within the crossfire.</p> <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"/> <h2><strong>Dispute between Coinbase and SEC</strong></h2> <p>Coinbase has strongly disapproved of the SEC’s arguments that staking companies are securities, indicating that they're extra like crypto mining applications. Following the Ripple vs SEC lawsuit that started two years in the past, Coinbase International delisted XRP from its spot buying and selling market. </p> <p>Nevertheless, the decline in crypto traded quantity has pushed Coinbase’s income to the nook, as depicted by the fourth-quarter earnings outcomes. Consequently, the most important cryptocurrency trade in traded quantity in the USA has added a brand new line to the chance disclosures part, stating that they might decide to not take away a selected crypto asset from Coinbase Spot Market even when the SEC or one other regulator alleges that the crypto asset is a safety. </p> <p>At present, Coinbase lists six of the 9 crypto tokens that the SEC alleged had been securities final 12 months, together with AMP, RLY, DDX, XYO, LCX, and POWR.</p> <h2 id="h-is-coinbase-planning-to-re-list-xrp">Is Coinbase Planning to Re-Record XRP?</h2> <p>With the elevated strain to re-list XRP on its spot market, Coinbase could also be trying to tackle the SEC and make further income. Whereas Coinbase has not made any official announcement relating to its plans to re-list XRP, it stays a chance.</p> </div> <br>[ad_2] <br><a href="https://coinpedia.org/news/coinbase-takes-a-stand-against-sec-crackdown-is-xrp-re-listing-underway/amp/">Source link </a>