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๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- Apr 04, 2025 07:02 UTC
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Ripple Lawsuit Ends: Pro-XRP Lawyer John Deaton Revisits XRP Delisting Amid Coinbase Futures Filing
Coinbase files with the CFTC to launch XRP futures, set to go live on April 21, 2025, offering a regulated way to trade XRP.
XRPโs legal battle saw key wins, including a 2023 ruling that itโs not a security, boosting confidence in its market standing.
In a major development for the crypto market, Coinbase Derivatives has filed with the Commodity Futures Trading Commission (CFTC) to self-certify XRP futures. This move offers investors a regulated, capital-efficient way to trade XRP, one of the most liquid digital assets. The futures contracts are expected to go live on April 21, 2025.
This announcement comes against the backdrop of a long and complex legal battle between XRP, Ripple, and the U.S. Securities and Exchange Commission (SEC). Pro-XRP lawyer John Deaton revisited key events in the legal timeline, showing the ups and downs XRP has faced in the regulatory landscape.
Key Milestones in XRPโs Legal Battle
- January 2019: Coinbase met with the SEC, confirming XRP was not classified as a security after a thorough review by top securities lawyers. This meeting was crucial before Coinbase listed XRP, ensuring it met regulatory standards.
- February 2019: XRP was officially listed on Coinbase, promoted alongside USDC for international money transfers.
- December 2020: The SEC filed a lawsuit against Ripple, claiming XRP was a securityโa surprising move that contradicted earlier analyses from both Coinbase and SEC enforcement lawyers.
- July 2023: Judge Analisa Torres ruled in favor of Ripple, declaring XRP is not a security. This ruling led to XRPโs re-listing on Coinbase and other exchanges.
โLike the experienced securities lawyers at Coinbase, its clear SEC Enforcement lawyers, in 2018, also did NOT conclude XRP a security, because the lawyers who wrote the XRP Memo, did NOT recommend enforcement, nor did they recommend a cease and desist to stop selling XRP,โ Deaton wrote.
Deaton pointed out the irony of the situation, how so much time and resources were spent on legal battles that could have been avoided with clearer regulatory guidance. Despite the past turbulence, Coinbaseโs new XRP futures show renewed confidence in XRPโs regulatory standing and growing demand in the financial markets.
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