Insider Insights: Top Attorney Reveals Why Coinbase Wont Delist ETH Like XRP
Ethereum Mga Insight sa Insider: Inihayag ng Nangungunang Abugado Kung Bakit Hindi Ide-delist ng Coinbase ang ETH Tulad ng XRP Renowned attorney Bill Morgan recently shared his saloobin via social media on why major San Francisco-based cryptocurrency exchange Coinbase would not treat Ethereum (ETH) and Bitcoin (BTC) similarly to XRP. According to Morgan, the two most highly valued cryptocurrencies by market cap are integral to Coinbases business model. XRPs Rocky Relationship with Coinbase Coinbase first listed XRP in 2019 but removed the coin on January 19, 2021, a short time after the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple for breaching securities rules. The exchange cited the SECs enforcement action against Ripple Labs as the primary reason behind the decision to suspend XRP trading. Attorney Morgan highlighted that even if litigation identified BTC and ETH as securities, Coinbase would not have delisted them. Removing these cryptocurrencies would have severe financial consequences for the exchange, as they represent 65% of its total trading volume. Navigating the Regulatory Landscape The SEC issued a Wells Notice to Coinbase earlier this year, a letter that informs a company of potential enforcement action following an investigation into possible violations of securities laws. Coinbase responded to the SECs Wells Notice by