Coinbase CEO Says SEC v Ripple Case ‘Going Better Than Expected’: Investors Expect XRP To Be Available Again Soon

The CEO of the Nasdaq-recorded cryptocurrency change Coinbase, Brian Armstrong, remarked on the implementation movement contrary to Ripple Labs by the U.S. Securities and Change Fee (SEC) Monday. Referring to a Forbes article named “The crypto rebellion the SEC didn’t see coming,” he tweeted. The Ripple case has all the earmarks of being going higher than expected. Meanwhile, the SEC is understanding that assaulting crypto is politically disagreeable (because of it hurts customers).

Ripple CEO Brad Garlinghouse has made an analogous assertion relating to the SEC. Noting that the regulator is refusing to supply a transparent framework for crypto, he said: “As a substitute of working with the trade, the SEC is utilizing their conferences with corporations as lead era for his or her enforcement actions.” He added that many XRP holders have filed a class-action lawsuit in opposition to the SEC, emphasizing, “These are the precise individuals the SEC is meant to be defending.”

“The irony is that the individuals they’re supposedly defending are those attacking them,” the Coinbase boss added.

A number of individuals on Twitter expressed shock to see Armstrong tweeting a constructive remark about Ripple. Many took his assertion as a bullish signal that the value of XRP will quickly pump.

The Nasdaq-listed company itself recently ran into trouble with the securities watchdog when it tried to launch a lending program. The exchange discussed the product with the SEC but was threatened with legal action if it proceeded with the launch. This caused Coinbase to shelve the product.

Some people suspect that Coinbase may be relisting XRP soon. “Sounds like Brian Armstrong and Coinbase should be getting ready to relist XRP,” one person tweeted. However, some are still skeptical, arguing that Coinbase will not relist XRP until the lawsuit is over. Coinbase delisted XRP in January, soon after the SEC filed a lawsuit against Ripple Labs and its executives, CEO Garlinghouse and co-founder Chris Larsen.

News Summary:

• Coinbase CEO Says SEC v Ripple Case ‘Going Better Than Expected’: Investors Expect XRP To Be Available Again Soon
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