Ripple and XRP could potentially be getting a strong ally in their fight against the US Securities and Exchange Commission. Bitboy, well-known crypto-influencer, recently mentioned that Coinbase could be the key ally they need. Recently, Paul Grewal and Stuart Alderoty, the Chief Legal Officers of Ripple and Coinbase respectively, had a meeting, and Grewal confirmed that he spent some time talking with Ripple's legal team. This evidences that the meeting was not a social call but a more business oriented one.

John Deaton, US Congress candidate January Walker and other personalities have been calling for the crypto industry to unite against the SEC's alleged abuse of power. When Coinbase announced that it had been sent a Wells Notice from the SEC in March, Alderoty had the chance to comment and said that the 'enemy of my enemy is my friend.'

Following the meeting between Grewal and Alderoty, Coinbase also filed a lawsuit against the SEC requesting regulations for the digital assets industry. In addition to this, Grewal indicated that he is in agreement with Deaton concerning what an investment contract implies. Last November, Coinbase filed an amicus brief supporting Ripple in their case against the US SEC.

All the evidence points to the fact that an alliance between Ripple and Coinbase could be taking shape, which could work in the benefit of both companies. Indeed, Coinbase has had its own troubles with the SEC and the combination of the two regulatory powerhouses could already be causing a stir. It remains to be seen if this upcoming alliance will bear any fruits and if it will navigate the crypto industry with greater safety and legal certainty.



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