Coinbase And Ripple CLOs Meet, Will XRP Listing Follow?
May 04 2023 - 11:00AM
NEWSBTC
A new tweet by Coinbase Chief Legal Officer (CLO) Paul Grewal has
sparked interest and speculations in the crypto community. The CLO
expressed his appreciation to Ripple’s General Counsel, Stuart
Alderoty, for their meeting, stating they needed to meet more
often. Related Reading: AVAX Smart Contracts Hit 6-Month High –
What This Means For Its Price In response, Stuart Alderoty thanked
him for chatting with their legal team. After the tweet, two top
lawyers in the community supported the strategic meeting, and some
others called on Coinbase to relist XRP on its marketplace.
Ripple And Coinbase OfficlainsLeading The Battle, Deaton One of the
notable reactions to the meeting between Ripple and Coinbase CLOs
came from CryptoLaw founder John Deaton. Deaton is the
attorney representing thousands of XRP holders. His response to the
tweet was that the picture shows two valiant General Counsels
leading the front line in battle. Further, Deaton wrote that he
“tipped his cap” to Alderoty and Grewal to express his
respect. By saying “frontline in battle,” Attorney Deaton
reiterates his position that the crypto industry is
battling with the US Securities and Exchange Commission.
Notably, the attorney shared a tweet to that effect in March,
calling every stakeholder in the industry to meet and share
strategic ideas to win the war. Related Reading: Top 5
Cryptos To Watch This Week Amid US Banking Crisis Following the
recent tweet, the two firms battling SEC’s lawsuit may have
listened to Deaton’s suggestion. Another prominent figure
that responded to the recent development was the Australian-based
lawyer Bill Morgan. The lawyer stated that teamwork against a
common foe is the best strategy to win. However, Morgan
further said he doesn’t regard Coinbase as a friend of XRP holders
as it “ceased secondary market trading in its exchange.”
Crypto Users Call For XRP Relisting Other responses following the
recent tweet were calls for Coinbase to relist XRP. A Twitter user
going by Jon Mann, who responded, asked Coinbase to relist XRP,
stating that the meeting is the tag team the Ripple community has
been waiting to see. Another user XRPcryptowolf also supported the
call maintaining that Coinbase should relist XRP if they need
Ripple’s help beating the SEC. There has not been any mention
of why the parties met yet. However, the crypto space still hopes
for a favorable summary judgment that will bring regulatory clarity
for XRP. Featured image/Pixabay and chart/
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