Pro-crypto attorney Bill Morgan dismisses speculation of XRP relisting on Coinbase following a meeting between Ripple and Coinbase legal teams.
The XRP community continues to analyze the implications of the recent meeting between Coinbase’s Chief Legal Officer Paul Grewal and Ripple’s General Counsel Stuart Alderoty. While some enthusiasts hope this could lead to XRP’s relisting on Coinbase, prominent Australian lawyer Bill Morgan remains skeptical.
Why Coinbase Won’t Relist XRP, According to Attorney Morgan
Morgan argues that the meeting likely focused on regulatory collaboration—such as Coinbase’s petition to the SEC for a Writ of Mandamus or its defense against the SEC’s enforcement actions—rather than an XRP relisting. He highlights Coinbase’s prior refusal to include XRP in its Liquidity Hub service as further evidence.
"Coinbase’s different treatment of XRP—halting secondary market sales—will continue despite the SEC labeling other tokens as securities in lawsuits."
— Bill Morgan (Twitter source)
Key Reasons for Morgan’s Skepticism:
- Regulatory Uncertainty: The SEC’s ongoing lawsuit against Ripple creates compliance risks for exchanges.
- Historical Precedent: Coinbase suspended XRP trading in January 2021 following the SEC’s charges against Ripple.
- Strategic Priorities: Coinbase’s immediate focus is defending its own Wells Notice from the SEC, not relisting contested assets.
👉 How does the SEC’s stance on crypto impact exchanges like Coinbase?
Coinbase’s XRP Delisting: A Retrospective
In January 2021, Coinbase abruptly halted XRP trading, citing the SEC’s allegations that XRP was an unregistered security. The exchange stated:
"Coinbase will suspend XRP trading on January 19, 2021, at 10 AM PST due to the SEC’s action against Ripple Labs."
Despite filing an amicus brief supporting Ripple’s fair notice defense in 2022, Coinbase has steadfastly ignored calls to relist XRP. CryptoLaw founder John Deaton suggests this decision was tied to Coinbase’s 2021 IPO, while attorney Jeremy Hogan believes it undermines Coinbase’s own fair notice argument against the SEC.
FAQs:
Q: Could Coinbase relist XRP if Ripple wins the SEC lawsuit?
A: While possible, exchanges may wait for full regulatory clarity, including potential appeals.
Q: How does Coinbase’s treatment of XRP compare to other SEC-alleged securities?
A: Coinbase continues trading other tokens labeled securities by the SEC (e.g., SOL, ADA), making XRP’s exclusion unique.
Q: What was the purpose of the Ripple-Coinbase meeting?
A: Likely centered on shared legal strategies against SEC overreach, not immediate relisting plans.
👉 What are the long-term implications of the SEC’s crypto regulations?
Conclusion
Attorney Morgan’s analysis underscores the broader regulatory challenges facing crypto exchanges. Until the SEC’s case against Ripple concludes decisively, XRP’s path back to major platforms like Coinbase remains uncertain. For now, the community’s focus shifts to the outcome of the lawsuit and its ripple effects across the industry.
Keywords: XRP relisting, Coinbase SEC lawsuit, Ripple legal update, crypto regulation, Paul Grewal Stuart Alderoty meeting, Bill Morgan analysis
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