Binance’s CZ says XRP stayed listed during SEC lawsuit, unlike other exchanges, boosting confidence in XRP’s $2.20 price stability.
Binance founder Changpeng Zhao (CZ) has disclosed that his exchange continued to support buying, holding, and selling XRP tokens throughout the Ripple-SEC lawsuit. His remarks come as Ripple moves toward resolving the legal battle with growing institutional interest in the XRP Ledger (XRPL).
Binance’s Unwavering Support for XRP
As Ripple approaches a potential end to its dispute with the U.S. Securities and Exchange Commission (SEC), CZ affirmed Binance’s consistent support for XRP. In an X post, he clarified that Binance never delisted XRP, enabling users to trade the token during the entire three-and-a-half-year lawsuit.
In December 2020, the SEC sued Ripple, alleging unregistered securities sales, prompting exchanges like Coinbase, Bittrex, Kraken, Bitstamp, and Binance.US to delist or restrict XRP trading to avoid regulatory scrutiny. However, Binance’s global platform, operating outside U.S. jurisdiction, maintained XRP trading, driven partly by the significant trading volume and fees it generates. Following Ripple’s partial legal victory in July 2023, when Judge Analisa Torres ruled that XRP sales on public exchanges were not securities, several exchanges, including Binance.US, relisted the token.
Rising Institutional Interest in Ripple and XRPL
Beyond Binance’s support, institutional players increasingly engage with Ripple and the XRP Ledger. Firms like Ondo Finance and Guggenheim are leveraging XRPL to develop tokenized offerings, capitalizing on recent blockchain enhancements.
As Ripple anticipates the SEC dropping its appeal, CEO Brad Garlinghouse emphasized a shift from litigation to innovation, stating, “We’re moving past this chapter to focus on building the Internet of Value.” Ripple has minted 12 million RLUSD stablecoins, though the status of institutional XRP sales remains uncertain pending the lawsuit’s resolution.
The lawsuit’s developments have influenced XRP’s market performance. After Judge Torres rejected a joint motion for an indicative ruling, XRP’s price dropped by 4%. However, buoyed by Binance’s support and Ripple’s focus on innovation, XRP rebounded, rising nearly 4% in the past 24 hours to trade at $2.19 as of June 28, 2025. The case remains unresolved, with the SEC directed to provide a status update by mid-June 2025, indicating that a final settlement is still pending.
