The world of cryptocurrencies is abuzz with rumors of a secret meeting between Ripple and Coinbase. While the details of the discussion remain shrouded in mystery, speculation is rife that Ripple may be trying to persuade Coinbase to relist XRP. But wait, is it really about XRP or something else entirely?
Coinbase may not relist XRP but…
A prominent lawyer and digital asset enthusiast have poured cold water on the XRP relisting theory. According to him, Ripple’s recent decision not to use XRP in their own liquidity hub service suggests that they are not pushing Coinbase to relist the cryptocurrency. So what could this clandestine meeting be about?
Enter Bill Morgan’s theory. He believes that Ripple might be assisting Coinbase in their legal battle with the SEC. In his opinion, the meeting could have been about how Ripple could help Coinbase in their petition for a writ of mandamus and/or their defense against the SEC’s enforcement action. This could be a game-changing development in the crypto world.
What will happen to XRP?
But what about XRP holders who are eagerly waiting for its relisting on Coinbase? John E Deaton, the pro-XRP lawyer, has an interesting take on the matter. He says that Ripple isn’t listing XRP on its own liquidity hub platform until there is more regulatory clarity in the US. The outcome of the ongoing legal battle with the SEC is crucial, and a lot depends on what Judge Torres decides.
“I’m confident 👩⚖️ Torres recognizes the huge public interest and will act accordingly. I believe she shoots down the SEC’s crazy over broad theory but until we read the exact language no one can predict whether Coinbase or even Ripple will list #XRP on their platforms immediately.” John Deaton
The future listing of XRP on Ripple’s Liquidity Hub platform is currently uncertain due to the lack of regulatory clarity regarding XRP in the US. The decision ultimately rests on Judge Torres’ ruling in the ongoing legal battle between Ripple and the SEC. However, Ripple is fighting hard to be involved and has submitted an amicus brief to inform the Judge of the significant public interest in the case.
Over 75,000 XRP holders from the US and 143 countries joined in to object to the SEC’s alleged protection, and more than 3,500 affidavits from investors, users, and developers were submitted. Ripple has helped to exclude the SEC’s expert testimony, and there is confidence that Judge Torres will recognize the case’s significance and act accordingly. It is still uncertain whether Coinbase or even Ripple will immediately list XRP on their platforms until the ruling is released.
The plot thickens as we wait for the court’s decision. With so much at stake, it’s no wonder that this secret meeting between Ripple and Coinbase has piqued the interest of the crypto community. Will XRP be relisted on Coinbase? Will Ripple come to Coinbase’s aid in its legal battle with the SEC? Only time will tell, and the crypto world is eagerly waiting for the next twist in this lawsuit.
