XRP Lawsuit: Coinbase, the U.S. largest crypto exchange has been dealing with strong regulatory scrutiny by the Securities and Exchange Commission (SEC). This comes when the digital asset market has witnessed a collapse of several big firms and exchanges. However, the lawsuit between US SEC and Ripple has emerged as key for exchanges like Coinbase against watchdog enforcement.
Also Read: Why Didn’t Ripple Register XRP With US SEC? Brad Garlinghouse Replies
XRP Lawsuit To Lead Towards Clarity
John Deaton, Amicus curiae in the XRP lawsuit in conversation with Paul Grewal, Chief Legal Officer of Coinbase discussed the importance of the outcome of the US SEC Vs Ripple case for the exchange.
Coinbase’s Legal Chief mentioned that the crypto exchange is following and paying very close attention to Judge Analisa Torres’s court proceedings. He added that they are very eager to see clarity around the marketplace. Hopefully, this will clear out the confusion built by the US SEC.
Also Read: Ripple Exec Hints Coinbase’s Next Move
Grewal highlighted that the XRP lawsuit ruling will scatter skepticism around the primary and secondary sales and this confusion needs to be addressed once and for all.
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