Paul Grewal, Chief Legal Officer of Coinbase, recently hinted at the potential relisting of XRP if Ripple secures a favorable verdict in its ongoing lawsuit against the U.S. Securities and Exchange Commission (SEC). This development emerged during his interview with Thinking Crypto, where Grewal discussed regulatory challenges, Coinbase’s token vetting process, and the broader implications of Ripple’s legal battle.
Key Takeaways from Grewal’s Interview
- Regulatory Environment: Grewal addressed the SEC’s aggressive stance toward crypto, emphasizing the need for regulatory clarity.
- Ripple’s Legal Defense: He praised Ripple’s legal team for challenging the SEC’s claims, calling their strategy "masterful."
- XRP Relisting Possibility: Coinbase may reconsider XRP trading if Ripple wins, though the decision depends on the court’s reasoning and potential appeals.
Factors Influencing XRP’s Relisting
- Court’s Legal Reasoning: Grewal noted that Coinbase would analyze the judge’s decision meticulously.
- Appeal Likelihood: The case might not conclude at the trial level, as appeals could prolong the resolution.
- Market Confidence: A clear, legally sound verdict would bolster confidence in relisting XRP.
The Broader Impact of Ripple vs. SEC
👉 How Ripple’s victory could reshape crypto regulation
A win for Ripple could set a precedent for how cryptocurrencies are classified, potentially reducing regulatory uncertainty for other tokens. Grewal’s comments reflect cautious optimism, aligning with Coinbase’s compliance-first approach.
FAQ
Q: Will Coinbase immediately relist XRP if Ripple wins?
A: Not necessarily. Coinbase will evaluate the verdict’s legal basis and potential appeals before deciding.
Q: What are the SEC’s main claims against Ripple?
A: The SEC alleges XRP was sold as an unregistered security, a claim Ripple disputes.
Q: How long could an appeal process take?
A: Appeals might extend the case by months or years, delaying finality.
Conclusion
While Grewal’s remarks signal a potential path for XRP’s return to Coinbase, the final decision hinges on legal outcomes and market stability. The crypto community watches closely, as the case’s resolution could influence future regulatory actions.
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