The potential relisting of XRP on Coinbase hinges on Ripple’s legal victory against the U.S. Securities and Exchange Commission (SEC). Paul Grewal, Coinbase’s Chief Legal Officer, recently discussed this possibility in an interview, sparking optimism among XRP supporters.
Will Coinbase Relist XRP After the Ruling?
In December 2020, the SEC’s lawsuit against Ripple led to XRP’s delisting from major exchanges, including Coinbase. At the time, Coinbase cited its Digital Assets Framework policy, which evaluates compliance with securities laws.
During an interview with Tony Edward of the Thinking Crypto podcast, Grewal acknowledged the frustration within the XRP community. He emphasized that relisting would depend on:
- The court’s specific ruling.
- The judge’s legal reasoning.
- Whether higher courts might overturn the decision.
Grewal explained:
“We have a responsibility as a publicly listed company to tread carefully. However, once the ruling is issued, we will immediately review our listing decision.”
Coinbase’s Support for Ripple’s Legal Defense
Coinbase previously filed an amicus brief in support of Ripple, praising the company’s legal team for challenging the SEC’s claims. Grewal noted:
“Ripple’s attorneys have done a masterful job raising serious questions about the SEC’s theory.”
This legal strategy has strengthened Ripple’s position, fueling speculation that Judge Analisa Torres could rule in Ripple’s favor.
Potential Timeline for the Ruling
Ripple CEO Brad Garlinghouse suggested the case might conclude by June, though this remains speculative. A favorable ruling could trigger:
- XRP relisting on Coinbase.
- Renewed institutional interest in XRP.
- Price recovery for the token.
FAQ
Q: When will Coinbase decide to relist XRP?
A: Coinbase will review its decision immediately after the court ruling but will consider legal risks before relisting.
Q: Why did Coinbase delist XRP initially?
A: The SEC’s lawsuit classified XRP as a security, prompting exchanges like Coinbase to remove it for compliance reasons.
Q: Could XRP’s price surge if relisted?
A: Historically, exchange relistings boost liquidity and demand, potentially driving price appreciation.
Q: What’s the significance of Coinbase’s amicus brief?
A: It signals institutional support for Ripple’s argument that XRP is not a security.
👉 Stay updated on XRP’s legal developments
👉 How Ripple’s case could reshape crypto regulation
Key Takeaways
- A Ripple victory may lead to XRP’s swift relisting on Coinbase.
- Coinbase’s legal team is closely monitoring the case.
- The crypto community awaits a landmark ruling that could set a precedent for other tokens.