News View Non-AMP

Will Coinbase Relist XRP Following Judge’s Ruling? CLO Suggests Possibility

Published by
Sohrab Khawas

Coinbase, the popular US cryptocurrency exchange, may resume trading XRP, the native token of Ripple if the judge rules in favor of Ripple in the ongoing lawsuit with the US Securities and Exchange Commission (SEC). However, the decision to relist XRP will depend on several factors, said Paul Grewal, Coinbase’s Chief Legal Officer (CLO), during an interview with Thinking Crypto, a crypto-focused YouTube podcast channel.

Factors to Consider Before Relisting XRP

According to Grewal, Coinbase’s decision to relist XRP will depend on three main factors. First, the legal reasoning behind the judge’s ruling. Second, the basis for the ruling, and third, Coinbase’s assessment of the situation to know whether the decision will be repealed or affirmed by the appeal court. Grewal emphasized that Coinbase has a responsibility as a publicly listed company to tread carefully in this area, particularly with respect to any token that’s a subject of federal court litigation.

Background of Coinbase’s Suspension of XRP Trading

Coinbase suspended trading for XRP on its platform on December 28, 2020, shortly after the SEC’s lawsuit against Ripple began on December 26, 2020. Despite the dynamics of the 2-year litigation, Coinbase has not resumed trading for XRP, although the asset can still be found on the platform.

Grewal Commends Ripple’s Defense and Criticizes SEC’s Theories

During the Thinking Crypto interview, Grewal commended Ripple’s efforts at mounting a strong defense against the SEC’s charges. He noted that Coinbase had to file its amicus brief in Ripple’s favor last year because he was completely persuaded by the Ripple defense’s argument. Grewal further mentioned that he hopes the court sees that the SEC has some holes in its theories. Nonetheless, he asserted that the case could last for much longer because whoever loses will take up the judgment in the appeal court.

Coinbase has also had its legal run-ins with the SEC as the agency classifies some of its listed assets as securities. The exchange has delisted tokens such as Civic (CVC) and district0x (DNT) due to regulatory concerns.

Coinbase’s decision to relist XRP will likely be influenced by the SEC’s classification of XRP as a security, a claim that Ripple has vehemently denied. If Ripple wins the lawsuit, it could have significant implications for the wider cryptocurrency industry, particularly with respect to the classification of cryptocurrencies as securities.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Top Seven Altcoins To Buy Now For Big Gains

Investors focusing on altcoins may find the next one to two months a promising window…

July 22, 2025

XRP News: Why the Ripple vs SEC Case Isn’t Over Yet?

XRP holders are growing increasingly frustrated and confused over the U.S. Securities and Exchange Commission’s…

July 22, 2025

XRP Price Prediction As Tokenized RWAs on XRPL Soar 2260%

XRP is gaining momentum in the crypto market once again, and this time, it’s not…

July 22, 2025

As Equity Meets Efficiency, BeToken Could Be Forging Spain’s Blueprint for High-Growth SMEs

When shoppers browse for something, they probably can't imagine owning a piece of the company…

July 21, 2025

Dogecoin and Shiba Inu Reclaim Key Levels, But Traders Shift Focus To ‘XRP 2.0’ Remittix Before Next Major Update

Both Dogecoin and Shiba Inu are making headlines this week with significant whale activity and…

July 21, 2025

Ethereum Will Likely 5x—But Ozak AI’s Presale Could 100x From $0.005

With Ethereum’s steady performance signaling renewed interest in the blockchain sector, attention is turning toward…

July 21, 2025