Paul Grewal, Chief Legal Officer of Coinbase, recently outlined the prerequisites for relisting XRP on the platform. During an interview with Real Vision’s Crypto Daily Briefing, Grewal explained that while there is a lot of speculation surrounding Judge Analisa Torres’ ruling on the case between the US SEC and Ripple, if it is ruled in Ripple's favor it would not automatically lead to the relisting of XRP by Coinbase.
Grewal noted that Coinbase always evaluates and re-evaluates decisions surrounding the listing of assets on its platform and that the exchange had to disable trading for XRP due to the lawsuit from the U.S. SEC which started in December 2020. He also emphasized that they would still need to make assessments even if XRP is declared a non-security by Judge Torres.
The calls for Coinbase to relist XRP have intensified amidst a wave of recent developments. This includes Coinbase’s lawsuit against the SEC, Chairperson Gary Gensler’s inability to categorize ETH and XRP as securities, and a meeting between Grewal and Ripple’s CLO Stuart Alderoty.
Albeit Grewal has previously expressed that Coinbase does not intend for XRP to be labeled a security, the legal officer concluded by stating that Coinbase remains eager to receive Judge Torres’ ruling on the case prior to any relisting of XRP taking place in order to ensure the safety of their customers and the exchange.
Jordan Ramos
- 2023-05-04
Coinbase Outlines Prerequisites for XRP Relisting
Paul Grewal, Chief Legal Officer of Coinbase, recently laid out the prerequisites for relisting XRP on the platform, stressing that even if XRP is not ruled a security by Judge Analisa Torres, Coinbase would still have to make assessments before relisting the asset.
