• Wed. Jun 12th, 2024

Coinbase Considers Relisting Ripple (XRP) – What for Enthusiasts?

Megan Ford

ByMegan Ford

Mar 18, 2023

There is a possibility that Ripple’s token might soon be listed on the Coinbase platform. However, this will require the completion of certain legal steps before it can happen. According to Paul Grewal, Coinbase’s chief officer, the exchange is open to relisting the token if there is a favorable resolution to the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission.

The SEC has accused Ripple of illegally selling the token as an unregistered security. If the case is resolved in Ripple’s favor, it will clear the way for the token to be listed on the platform and other major exchanges.

In a recent interview on the Thinking-Crypto podcast, Grewal, Coinbase’s chief officer, discussed several topics, including listing the token on the exchange. Grewal explained that the decision to delist the token in early 2021 was made due to the SEC’s allegations against Ripple. However, he also noted that Coinbase constantly monitors the situation and is open to listing the token if the legal battle has a positive outcome.

Grewal emphasized the importance of regulatory clarity and the need for clear guidelines from the SEC to avoid future confusion and legal disputes. He also discussed Coinbase’s plans to go public, highlighting the company’s focus on compliance and transparency.

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Overall, the interview provided valuable insights into Coinbase’s perspective on the current regulatory landscape and its plans for the future. During the Thinking Cryptocurrency podcast, Grewal, Coinbase’s chief officer, was asked about the possibility of listing the token on the exchange after a ruling in the Ripple lawsuit.

In response, Grewal stated that it would depend on several factors, including the grounds of the ruling, the judge’s reasoning, and Coinbase’s assessment of whether the decision would be affirmed on appeal. Grewal emphasized the importance of following legal procedures and making decisions based on a thorough situation assessment.

He also noted that Coinbase is committed to complying with all regulatory requirements and ensuring the safety of its users’ assets. Overall, Grewal’s comments suggest that Coinbase is closely monitoring the Ripple lawsuit and will decide on the token listing based on careful analysis and adherence to legal procedures.

Regarding court litigation and token responsibility, Grewal emphasized the importance of treading carefully as a publicly listed enterprise. However, he acknowledged that the specifics of court rules would heavily influence the situation’s outcome.

While some may find this unsatisfying, he stressed that their responsibility to act cautiously remains a top priority. Grewal acknowledged that this responsibility extends to any token subject of court litigation, highlighting the need to consider the legal implications of their actions as a company. By approaching the situation carefully, the company can navigate court litigation while upholding its responsibility as a publicly listed entity.

Ripple Group Reacts

Members of the Ripple group have been reacting to Grewal’s recent comments regarding the potential listing of the token. According to the token enthusiast Mobarak, Grewal’s remarks suggest that Coinbase may consider listing the token if more clarity is provided by the outcome of the SEC versus the Ripple case.

This interpretation highlights the significance of the ongoing legal battle and its potential impact on the future of Ripple. As the situation continues to develop, it will be interesting to see how other members of the XRP group respond and what decisions Coinbase ultimately makes regarding the token’s listing.

Megan Ford

Megan Ford

Megan Ford is an accomplished news writer with a talent for capturing the essence of a story. With a keen eye for detail and a dedication to accuracy, her articles provide readers with a captivating and well-rounded perspective on current events.

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