- Coinbase and Ripple legal chiefs held a recent offsite meeting, leading to assumptions about XRP’s relisting on the crypto exchange.
- The US crypto industry is in a regulatory battle to attain clear regulations from the SEC and CFTC.
Coinbase and Ripple Legal Chiefs Meet Amid Regulatory Battle
Coinbase and Ripple legal chiefs’ recent offsite meeting has raised several assumptions among the community about the possibility of XRP’s relisting on the crypto exchange. Paul Grewal, Chief Legal Officer at Coinbase, recently mentioned the meeting with Ripple’s Chief Legal Officer, Stuart Alderoty, and stated that they should have such meetings more often in the future. Alderoty appreciated the time they spent talking with Ripple’s legal team.
The meeting between the two giants comes amid a regulatory battle to attain clear regulations from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).
Coinbase and Ripple Seek Regulatory Clarity
Coinbase, the biggest crypto exchange in the US, went international as it is waiting for clear rules from the SEC. The exchange filed a lawsuit against the SEC and asked the watchdog to share a response to its months-old petition publicly.
Coinbase is seeking clarity from the commission on proposing and adopting rules to govern the regulation of securities that were traded and offered via digitally native methods. Meanwhile, Ripple Labs and its executives are waiting for a summary judgment in the long-running lawsuit with the SEC.
As the US crypto industry is in a regulatory battle to attain clear regulations from the SEC and CFTC, the meeting between Coinbase and Ripple’s legal chiefs hints at a possible collaboration amid the regulatory uncertainty. The community is curious to see if Coinbase will relist XRP on its platform, and the meeting between the two legal chiefs has sparked speculation about XRP’s relisting on the exchange.