Ripple and Coinbase’s Top Lawyers Discuss in Sideline Meeting

Top legal minds from Ripple and Coinbase recently exchanged views at an off-site conference to discuss issues in the fast-moving cryptocurrency space. Ripple’s Stuart Alderoty thanked Coinbase’s Chief Legal Officer Paul Grewal for taking the time to meet with Ripple’s legal team. In response, Grewal tweeted his gratitude for the invitation and suggested meeting more frequently in the future.

Both Ripple and Coinbase are currently dealing with legal challenges from the U.S. Securities and Exchange Commission (SEC).

Ripple was sued in December 2020 in which the powerful regulator accused the company of conducting an unregistered securities offering through the sale of XRP tokens.

The ongoing legal battle is of great concern to the cryptocurrency community and raises questions about the regulatory framework surrounding Crypto assets.

CardCoinbase, on the other hand, recently received a Wells notice from the SEC. Last week, Grewal shared a blog post detailing Coinbase’s response to the notice.

In the post, he emphasized that Coinbase has yet to list securities and sought clarity from the SEC on the regulatory framework to do so in the future. He also said that while Coinbase does not like to file a lawsuit against the SEC, it will defend itself and uphold the rule of law for all.

Notably, Coinbase delisted Ripple-related cryptocurrency XRP following the SEC’s lawsuit. It is unclear whether the controversial token will return to the largest U.S. cryptocurrency exchange.

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