Coinbase’s Chief Legal Officer, Paul Grewal, has hinted at the potential relisting of XRP on the U.S.-based exchange if Ripple prevails in its ongoing legal battle with the SEC. The lawsuit, which alleges that XRP constitutes an unregistered security, has been a pivotal case for regulatory clarity in the cryptocurrency industry.
Key Factors Influencing XRP’s Relisting on Coinbase
- Legal Outcome: The court’s ruling and its reasoning will heavily influence Coinbase’s decision.
- Regulatory Clarity: A favorable verdict for Ripple could redefine XRP’s status as a non-security.
- Exchange Policy: Coinbase’s Digital Assets Framework prioritizes compliance with securities regulations.
👉 Explore the latest crypto regulatory updates
Why Was XRP Delisted?
Following the SEC’s lawsuit against Ripple in December 2020, major exchanges like Coinbase delisted XRP, citing compliance risks. The move significantly impacted XRP’s market liquidity and investor sentiment.
Coinbase’s CLO on Relisting Prospects
In an interview with Thinking Crypto, Paul Grewal emphasized:
- Coinbase will review the court’s decision immediately after the ruling.
- The exchange’s relisting decision hinges on the legal soundness of the judgment.
- Public company obligations require cautious evaluation of litigation risks.
Grewal praised Ripple’s legal team for challenging the SEC’s stance, prompting Coinbase to file an amicus brief in support.
Ripple CEO’s Stance
Brad Garlinghouse, Ripple’s CEO, criticized the SEC for lacking clear guidance on XRP’s classification. He urged the U.S. to adopt progressive crypto regulations akin to Japan, Singapore, and the U.A.E.
FAQs About XRP and Coinbase
Q: Will Coinbase automatically relist XRP if Ripple wins?
A: No—Coinbase will conduct an internal review based on the ruling’s specifics.
Q: What happens if the SEC appeals the verdict?
A: Coinbase may delay relisting until higher courts resolve the case.
Q: How long might the relisting process take?
A: Grewal suggested a prompt evaluation, but no exact timeline was provided.
👉 Stay updated on XRP’s legal developments
Conclusion
The SEC vs. Ripple case remains a watershed moment for crypto regulation. A Ripple victory could catalyze XRP’s return to major exchanges, bolstering market confidence. Investors should monitor court rulings and exchange announcements closely.
Disclaimer: This content is for informational purposes only and does not constitute legal or financial advice.
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