XRP News: U.S. Cryptocurrency industry is in the middle of a tussle to attain clear regulations from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). Amid the regulatory battle, Coinbase and Ripple legal chiefs’ recent offsite meeting has raised several assumptions about the crypto exchange relisting XRP ahead.
Coinbase To Relist XRP?
Paul Grewal, Chief Legal Officer at Coinbase in a recent post mentioned a meeting with Stuart Alderoty, Ripple’s Chief Legal Officer. He stated that they should have such meetings more often ahead. However, to this Alderoty replied that they appreciate the time they gave to talk with Ripple’s legal team.
The meeting between the two giants comes in when both of them are seeking a regulatory green flag from the US SEC. However, Coinbase, US biggest crypto exchange went international as its queries for clear rules remains pending. On the other hand, Ripple Labs and its executives are waiting for a summary judgment in the long running lawsuit with SEC. Read More XRP News Here…
Coingape reported that Coinbase filed a lawsuit against US SEC and asked the watchdog to share a response to months old petition publicly. The crypto exchange is seeking clarity from the commission on proposing and adopting rules to govern the regulation of securities that were traded and offered via digitally native methods. However, the commission is yet to reply to it.
Earlier, Coinbase voiced its support for Ripple in the SEC Vs XRP lawsuit by filing briefs. In the proposed amicus brief, Coinbase asked the court to let a jury sit and hear out Ripple’s argument that the company lacked notice that XRP was an unregulated security.
