Coinbase CEO Claims Ripple Lawsuit is Turning Out Better, XRP Community Demands Relisting

The Ripple vs SEC lawsuit continues to drag further with both parties making key arguments. However, many crypto proponents believe Ripple has an upper hand in the case especially with the former SEC executive William Hinman’s deposition and the glaring red flags on Ethereum getting a free pass with a similar business structure. Amid growing support for Ripple and against the SEC, Coinbase CEO Brian Armstrong has come out to claim Ripple is doing better in the lawsuit than expected. He said,
“The Ripple case seems to be going better than expected. Meanwhile, the SEC is realizing that attacking crypto is politically unpopular (because it harms consumers).”
When SEC first filed the lawsuit against Ripple in December, everyone proclaimed it an end of the road for the XRP token. This was mainly because it was for the first time that the SEC had also accused the founders of the project in the security lawsuit. However, as the case progressed and SEC started to go after several crypto firms claiming security law violations, people realized SEC’s pure vendetta and started siding with Ripple.
Coinbase is also one of the victims of the SEC vendetta as the chief regulatory body forced the largest public crypto exchange in the US to drop plans for an unreleased USDC-pegged lending product despite the crypto exchange trying to communicate with the agency for six months.
XRP Community Wants Coinbase to Relist XRP
Ripple continues to forge new partnerships and expand its remittance business outside the US, thus the lawsuit didn’t hamper Ripple’s progress as more than 90% of its businesses are located outside the US. However, the native token XRP took the biggest hit from the lawsuit as the price slumped in the wake of mass delisting across the US-based exchanges. Thus, when Armstrong showed his support for Ripple, the XRP community demanded relisting.
And as a member of the #XRPcommunity I wish you would stand by us and #relistXRP.
— CryptoBull (@CryptoBull2020) October 26, 2021
- U.S. Inflation Data: BLS to Release CPI Report on October 24 Amid Government Shutdown
- Bank of America, Citigroup and Goldman Sachs Explore Issuing Stablecoins Pegged to G7 Currencies
- Breaking: Bitcoin Falls After Trump Threatens ‘Massive’ Increase in Tariffs on China
- Breaking: $8 Trillion Morgan Stanley Opens Bitcoin Investments to All Wealth Clients
- Bitget Strengthens On-Chain Rewards Push With Early Hunter Airdrop Launch
- Can $TAPZI Reach $1 In Q1 2026?
- Here’s Why XRP Price May Have a Zcash-Like Surge
- $TAPZI Price Prediction: What’s Ahead of the $TAPZI token Presale?
- Cardano Price Targets $2 as Hydra 1.0 Ignites New Era of Speed and Adoption
- Dogecoin Price Prediction as $23M Leaves Exchanges—Is the Parabolic Phase Beginning?
- Pi Network Price Collapses as Analyst Proposes Turnaround Tweaks