If you follow Ripple and XRP, you probably have noticed that Ripple has been embroiled in a fierce legal battle with the US Securities and Exchange Commission (SEC) for years. According to the SEC, XRP qualifies as a effect under US financial law and Ripple has illegally marketed the token. As a result, Coinbase removed the coin from its platform, but that may change if Ripple wins the lawsuit.
XRP Back to Coinbase?
Coinbase suspended XRP trading in January 2021, shortly after the SEC began its lawsuit against Ripple. Since then, despite strong opposition from the XRP community, that has not changed. Now there seems to be light at the end of the tunnel, as Paul Grewal, Coinbase’s Chief Legal Officer, says that there are indeed plans for a return of XRP to the trading platform.
“I know the XRP community is frustrated that they can no longer trade their favorite asset on Coinbase during the Ripple-SEC litigation,” Grewal said, adding that Coinbase is closely following the case between the two parties. keeps an eye out.
“I am aware that the Ripple team is delivering a majestic story to this day, unsettling the SEC and raising serious questions about the entire history of the SEC,” Grewal continued in the interview with Tony Edward. from Thinking Crypto.
When will XRP come back?
When exactly XRP will return to Coinbase’s trading platform, it is still difficult for Grewal to say. Ultimately, that all depends on the verdict of the judge in the case between Ripple and the SEC, which the entire industry has to wait for for the time being.
“A lot depends on the precise judgment of the judge. I know this isn’t the answer most people are waiting for, but as a publicly traded company, we have a responsibility that means we have to be careful in this area,” said Coinbase’s chief legal officer.
Once the judge’s verdict is on the table, Coinbase can continue with this matter and possibly begin the process of listing the token on the exchange platform again. In that respect, there is still little definitive to report on this issue.