• Ripple and Coinbase had a secret meeting about Ripple’s legal battle with the SEC.
• Ripple is not pushing for XRP to be relisted on Coinbase due to regulatory clarity.
• The outcome of the ongoing legal battle with the SEC will decide if XRP gets listed on Coinbase.
Ripple and Coinbase Meeting
Recently, there has been speculation that Ripple and Coinbase had a secret meeting. This sparked rumors that Ripple was trying to persuade Coinbase to relist XRP, however, it appears this may not be true. A prominent lawyer and digital asset enthusiast has suggested that this meeting was actually about how Ripple could help Coinbase in their legal battle with the SEC instead.
Bill Morgan’s Theory
Bill Morgan believes that Ripple might be assisting Coinbase in their legal battle with the SEC. He believes that the meeting could have been about how Ripple could help them in their petition for a writ of mandamus and/or their defense against the SEC’s enforcement action.
XRP Listing on Coinbase?
Many XRP holders are hoping for its relisting on Coinbase, however, this may not happen so soon as John E Deaton claims that Ripple isn’t listing XRP on its own liquidity hub platform until there is more regulatory clarity in the US. The outcome of the ongoing legal battle with the SEC is crucial, and a lot depends on what Judge Torres decides.
Public Interest
Deaton is confident Judge Torres will act accordingly because she recognizes how much public interest is riding upon her decision. Until they read her exact ruling though, no one can predict what will happen regarding XRP getting listed on Coinbase or not.
Conclusion
In conclusion, it appears that despite rumors circulating around Reddit suggesting otherwise, Ripple isn’t pushing for an XRP listing on Coinbase at this time due to regulatory clarity issues surrounding it’s status as a security token or a currency token in some countries around the world like USA . Moreover, even if they were interested in pursuing such an option – which would greatly benefit from increased liquidity – it seems unlikely it would come to fruition until after Judge Torres makes her ruling regarding their dispute with the US Securities and Exchange Commission (SEC).