Coinbase, one of the largest cryptocurrency exchanges in the USA, can delight XRP investors with important news.
Coinbase CEO Brian Armstrong made a statement supporting Ripple in its fight against the US Securities and Exchange Commission (SEC).
Will XRP Green Light?
Armstrong underlined in a series of tweets that the company’s case is going better than expected.
The famous name also stated that attacks on the crypto money industry and hurting investors are not politically popular, emphasizing that the SEC is actually alone here.
America’s largest cryptocurrency exchange left Ripple alone when the lawsuit was first filed, and stated that it was not an attack on the crypto money industry. Following this, the fact that the SEC also targeted Coinbase seems to have changed the situation.
Armstrong further stated that the SEC is the institution that harms people and investors when they should normally protect them.
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). https://t.co/ePLnbqNLwU
— Brian Armstrong (@brian_armstrong) October 26, 2021
After the lawsuit against XRP and Ripple, the factor that reduced the price the most was the successive delist news.
Coinbase’s removal of XRP, which it had listed years later, from the stock market also had a great impact.
Now, thanks to the new statements, rumors that XRP can be listed again have begun to circulate. Coinbase’s relisting of XRP may test levels such as $2 for the XRP price.
XRP is already up 3% with this news, but it is still trading at $1.13.