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Oct 27, 2021
by Sahaj Sharma
Coinbase CEO Brian Armstrong Says SEC Vs Ripple Case Seems to be Going Better
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Brian Armstrong, the CEO of Coinbase crypto exchange recently commented on the enforcement action by the SEC against Ripple Labs. He said that it seems like the SEC vs Ripple case is going better than expected and that the Securities and Exchange Commission of the United States is realizing that attacking crypto is politically unpopular.
Brian Armstrong of Coinbase Comments on SEC Vs Ripple Case
While giving reference to an article shared by Forbes titled, “The crypto uprising the SEC didn’t see coming," he added further to his statement and said:
“The Ripple case seems to be going better than expected. Meanwhile, the SEC is realizing that attacking crypto is politically unpopular (because it harms consumers).”
In addition to this, he laid an emphasis on the fact that people are choosing what is attacking them and said:
“The irony is that the people they are supposedly protecting are the ones attacking them.”
Moreover, he noted that the regulator is refusing to provide a transparent substructure for crypto. Mentioning the actions taken by the SEC, he stated:
“Instead of working with the industry, the SEC is using their meetings with companies as lead generation for their enforcement actions. These are the exact people the SEC is supposed to be protecting.”
Suspicions Related to Coinbase Listing Ripple Soon
As revealed, some people are suspicious that there are chances that Coinbase, a leading crypto exchange might be listing XRP, the native token of Ripple soon. There are statements like,
“Sounds like Brian Armstrong and Coinbase should be getting ready to relist XRP.”
It should be noted that back in the month of January, Coinbase delisted XRP and argued that it will not relist XRP until the lawsuit is over.
Also, when the crypto exchange tried to launch a lending program, the company ran into trouble with the securities exchange.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.