Coinbase CEO Brian Armstrong has claimed that the Ripple v SEC lawsuit is going much better than expected. The US Securities and Exchange Commission (SEC) has realized until now that it is unpopular to attack crypto politically, he added.
Ripple v SEC lawsuit:
The Crypto market has been at a very fast pace lately as it has added millions of users in the past two years. Sometimes, the firms ran into problems with the regulator as it happened with Ripple. It ran into the problem with the US SEC followed by a lawsuit from the regulator. Ripple v SEC lawsuit has been described in many ways. Many big names have been interested in the Ripple v SEC lawsuit. Recently CEO of the Nasdaq-listed commented on the lawsuit.
The CEO of Coinbase tweeted by referencing the Forbes article, saying:
“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)”.
The CEO further added that in many cases like Ripple v SEC, the irony is that people who are supposed to protect the crypto world are the ones attacking it. The boss of Ripple has also made a similar statement and added that SEC is not providing them with a clear framework for crypto. Ripple’s boss has revealed that Ripple holders have also filed a lawsuit against the US SEC.
The comments of Coinbase CEO on the Ripple v SEC were considered as a sign that they are going to relist XRP again. Some people took it as a bullish sign for the XRP but no one knows exactly what is going to happen. One thing is for sure the Ripple v SEC lawsuit will define the course of the crypto market.
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