Coinbase Considers Relisting XRP After Legal Steps

03/17/2023 13:32 • AI & Tech Insights • 66 views

According to reports, Paul Grewal, the chief legal officer of Coinbase, said that XRP may be re listed in Coinbase, but it will require some legal steps, but ultimately depends on the judge’s ruling and Coinbase’s evaluation of the court’s ruling. Paul Grewal explained that many things will depend on the details of court rules. “I know this won’t satisfy some people very much, but as a publicly traded company, Coinbase does have a responsibility to exercise caution in this area and respect any claims that this is a subject of federal court litigation.”.

Chief Legal Officer of Coinbase: XRP may be re listed in Coinbase, depending on the judge’s decision

Analysis based on this information:

In recent news, Coinbase’s Chief Legal Officer, Paul Grewal, has reportedly stated that the company would consider relisting XRP, the cryptocurrency associated with fintech company Ripple, but only after taking legal steps. This move has come after the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple alleging that XRP was an unregistered security. Following this lawsuit, Coinbase had delisted XRP from its platform, along with several other crypto exchanges.

Grewal explained that while Coinbase may consider relisting XRP, it was important to take a cautious approach and adhere to legal guidelines. He stated that the decision would be influenced by the ruling of the judge overseeing the SEC lawsuit against Ripple, as well as Coinbase’s own evaluation of the legal situation. Given that Coinbase is a publicly traded company, Grewal emphasized that it had a responsibility to respect any claims of federal court litigation and exercise caution in this area.

The statement by Coinbase’s Chief Legal Officer is significant as it offers hope for XRP investors and supporters, who have seen the value of their holdings plummet since the SEC lawsuit was filed. The delisting of XRP by Coinbase and other major exchanges created a domino effect that caused a significant drop in the coin’s price, which is yet to be recovered. The relisting of XRP by Coinbase is expected to have a positive impact on the coin’s price and market capitalization.

However, it is important to note that the relisting of XRP on Coinbase is contingent on several legal factors. The outcome of the SEC lawsuit against Ripple could determine whether XRP is considered a security or not. It is possible that the court may rule in favor of Ripple, in which case XRP may not be considered a security, and Coinbase could relist it without any legal issues. On the other hand, if the court rules against Ripple, it is unlikely that Coinbase would relist XRP without resolving any legal challenges.

In conclusion, while Coinbase’s statement offers hope for XRP investors, it is important to take a cautious approach and wait for the ruling of the judge overseeing the SEC lawsuit. If the court rules in favor of Ripple, it is likely that Coinbase may relist XRP in the near future, subject to any legal requirements. However, if the court rules against Ripple, it may take some time before XRP can be relisted on Coinbase or any other major exchange.

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Coinbase Considers Relisting XRP After Legal Steps

Chief Legal Officer of Coinbase: XRP may be re listed in Coinbase, depending on the judge’s decision

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