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.
“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.”
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.