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Coinbase Decision to Delist XRP Weakens its Wells Notice Argument, Says Top Lawyer

Bill Morgan, an Australian-based pro-XRP lawyer, has joined other crypto community members to react to news of Coinbase’s response to last month’s Wells Notice from the United States Securities and Exchange Commission.

According to Morgan, Coinbase’s assertion about its listing criteria is flawed by the exchange’s decision to list, delist, and not relist XRP for trading. Recall that Coinbase, which added support for XRP trading in 2019, delisted the coin in January 2021, a month after the SEC charged Ripple and two of its execs with violating securities laws. The exchange had since ignored calls from XRP community members to relist the coin for trading.

In a recent tweet, Morgan said Coinbase needs to explain “what happened with XRP” if the exchange is confident that its listing criteria are perfect and no securities were listed along the line.

XRP XRP $1.46
-5.58%
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