• The world of cryptocurrencies is abuzz with rumors that Ripple may be trying to persuade Coinbase to relist XRP.
• However, a prominent lawyer has suggested that the meeting was more likely about how Ripple could assist Coinbase in its legal battle against the SEC.
• John E Deaton believes that Ripple won’t list XRP on its own liquidity hub platform until there is more regulatory clarity in the US.
Rumors of Ripple Trying to Convince Coinbase for XRP Relisting
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.
Lawyer Suggests Meeting Was About Helping Coinbase’s Legal Battle
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. Bill Morgan’s theory suggests that Ripple might be assisting Coinbase in their legal battle with the SEC by helping them petition for a writ of mandamus and/or defending against the SEC’s enforcement action.
XRP Listing Not Likely Until Regulatory Clarity
John E Deaton, the pro-XRP lawyer, has an interesting take on this matter. He says that until there is more regulatory clarity in the US, Ripple won’t list XRP on its own liquidity hub platform . A lot depends on what Judge Torres decides regarding ongoing legal battle with SEC – as it will determine whether or not XRP holders can expect a listing on Coinbase anytime soon.
Will There Be An Impact On The Crypto World?
If Ripple succeeds in helping out Coinbase then it could potentially mean big changes for cryptocurrencies as well as blockchain industry as whole – especially if they manage to win their case against SEC or at least get some kind of relief from them. This could also result into increased legitimacy and wider acceptance for digital assets across different sectors and companies around world eventually leading up towards mainstream adoption of blockchain technology based solutions.
What Does This Mean For XRP Holders?
For now things don’t look too promising for XRP holders who were hoping forCoinbase’s relisting but if all goes according plan then it could eventually lead towards favorable outcome for them too! As always only time will tell how this situation plays out but one thing is certain – whatever happens will definitely have ripple effect (pun intended) across crypto space!
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