• Coinbase recently had a meeting with Ripple’s Chief Legal Officers (CLO), which sparked speculation of an XRP listing.
• Crypto enthusiasts and legal experts responded to the speculation, with attorney Bill Morgan stating that there will not be a relisting due to the meeting.
• Morgan believes that Coinbase is likely asking for Ripple’s assistance in the SEC lawsuit against the exchange.
Coinbase Meeting With Ripple CLOs Sparks XRP Listing Speculation
Recently, Coinbase held a meeting with Ripple’s Chief Legal Officers (CLOs) which sparked speculation of a possible XRP listing on their marketplace again. Many crypto enthusiasts called on Coinbase to relist XRP to enable Ripple supports its fight with the US Securities and Exchange Commission (SEC).
Legal Expert Not Hopeful Of Relisting
Australian-based attorney Bill Morgan responded to the tweet by expressing his doubts about a relisting as he mentioned that Coinbase is not a friend to XRP holders. He speculated that the discussions in the meeting may have centered on how Ripple can support Coinbase’s petition to the commission for enforcement focus against them.
Ripple Liquidity Hub Solution Excludes XRP
Ripple launched a Liquidity Hub solution to support businesses with liquidity from many top exchanges, over-the-counter desks, and market makers but excluded XRP from it, sparking arguments and speculations about why it was omitted. This incident informed Morgan’s reaction to current speculation about an XRP listing on Coinbase.
Coinbase Likely Asking For Assistance In SEC Lawsuit
According to Morgan, he believes that Coinbase is likely asking for Ripple’s assistance in its legal battle against SEC regarding their alleged sale of unregistered securities. This might explain why they are having meetings between their CLOs despite no plans of relisting yet.
While many enthusiasts ponder what could be discussed in such meetings between two big players in cryptocurrency space, legal experts like Bill Morgan believe it has something do with helping each other out during difficult times like this one especially when it comes to dealing with regulatory issues from authorities like SEC.