Secret Meeting of Legal Titans: Will Coinbase Relist XRP Amid Ongoing SEC Battle?

The post Secret Meeting of Legal Titans: Will Coinbase Relist XRP Amid Ongoing SEC Battle? appeared first on Coinpedia Fintech News

The meeting of legal giants, Coinbase and Ripple, has sent shockwaves throughout the crypto industry. As both companies continue to grapple with the U.S. Securities and Exchange Commission (SEC) over regulatory clarity, speculation is rife that Coinbase may be considering relisting XRP.

Coinbase’s Chief Legal Officer, Paul Grewal, took to social media to express his satisfaction with the meeting, stating the need for more meetings in the future. In response, Ripple’s Chief Legal Officer, Stuart Alderoty, expressed his appreciation for the opportunity to converse with Coinbase’s legal team.

What secrets could have been exchanged during this mysterious meeting? Could there be a groundbreaking collaboration between the two crypto powerhouses? Only time will tell.

Meanwhile, the SEC battle rages on. Coinbase has filed a lawsuit against the SEC, demanding clarity on the proposed regulations governing the digital securities industry. Ripple Labs and its executives await the summary judgment in their long-running lawsuit with the SEC.

In a lighthearted tweet, attorney Jeremy Hogan joked about the meeting, suggesting the possibility of a playful exchange between the two legal teams. As the crypto industry eagerly awaits an update, the playful tweet has added an intriguing layer to the ongoing drama surrounding the SEC’s regulatory battle with Coinbase and Ripple. It remains to be seen whether there is any substance to the joking suggestion or if it is merely a light-hearted exchange between the legal teams.

Why are Hinman emails important to Ripple?

The Hinman emails refer to a series of messages that were allegedly exchanged between William Hinman, the former director of the SEC’s Division of Corporation Finance, and other SEC officials. The emails are significant in the SEC’s case against Ripple because they reportedly discuss the agency’s views on the regulatory status of cryptocurrencies and whether certain digital assets, including XRP, should be considered securities.

Ripple’s legal team has been seeking access to these emails as part of its defense in the ongoing lawsuit with the SEC. The company hopes that the emails will provide evidence that the SEC’s own officials had previously stated that XRP was not a security, which would weaken the SEC’s case against Ripple.

As the industry’s eyes remain firmly fixed on this ongoing regulatory drama, the meeting between Coinbase and Ripple’s legal chiefs could prove to be a game-changer