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.
“Like 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,” 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, Coinbase’s new XRP futures show renewed confidence in XRP’s regulatory standing and growing demand in the financial markets.
Abu Dhabi is moving closer to becoming a global fintech leader. Three major UAE organizations,…
BlackRock’s iShares Bitcoin Trust (IBIT) just posted one of its biggest days since launch, pulling…
Traders are convinced the altseason is either here or just about to explode. After Bitcoin's…
Gate Group has officially announced that its subsidiary, Gate Technology FZE (“Gate Dubai”), has been…
FTX has launched legal action against NFT Stars Ltd. and KUROSEMI INC. (d/b/a Delysium) for…
Stablecoins are rapidly evolving from a niche segment in the crypto world to a key…