The pressure is escalating around XRP coin in recent days as the price fluctuates within a narrow range, predominantly due to the well-known Ripple lawsuit. Despite the years passing since Ripple Labs was sued by the U.S. Securities and Exchange Commission (SEC), no resolution has been reached, and the case continues. Meanwhile, the SEC has also sued exchanges like Coinbase and Binance, further complicating matters. A world-renowned attorney has highlighted and criticized the double standards applied by Coinbase.
Accusation Against Coinbase Over XRP
World-renowned attorney Bill Morgan criticized Coinbase for alleged double standards regarding XRP. Morgan’s comments came after a response to a tweet by Coinbase’s Chief Legal Officer, Paul Grewal. In response to an SEC accusation stating that Coinbase was “operating and conducting business illegally,” Grewal affirmed a tweet pointing out that global asset firms like BlackRock were still willing to do business with this “illegal company.” This double standard executed by the SEC received Grewal’s approval.
Attorney Morgan expressed his dissatisfaction with Coinbase’s actions. According to Morgan, if Coinbase isn’t involved in illegal activities, it should reinstate XRP trading and provide this opportunity to investors. Morgan pointed out that tokens declared securities by the SEC have no connection with XRP, and while Coinbase highlights the SEC’s double standards, it is also guilty of the same.
Coinbase, Proceeding Unjustly
According to Morgan, securities declared by the SEC such as SOL and ADA are still available for trading on Coinbase. However, XRP, whose case has not yet been resolved, was deprived of this opportunity a long time ago and was directly expelled from the platform. According to Morgan, this is a clear double standard and the prime example of bias in the crypto industry.
If XRP receives such news, it could trigger an explosion again. The XRP price is stuck at $0.49, and a new piece of news could lead to a significant increase in volume.
