JPMorgan Evaluates XRP Lawsuit Final Ruling, States Why Coinbase Should Rejoice

Following the recent judgment by the US Securities and Exchange Commission (SEC), JPMorgan has evaluated the development, pointing out how it would benefit Coinbase in the longterm. Specifically the judge ruled that XRP sales on exchanges are not securities and this is used as a basis for the analysis done by JPMorgan analysts. They tied this to the lawsuit ongoing between the US-based crypto exchange Coinbase and the SEC, predicting that the ruling could provide 13 tokens listed on its platforms greater clarity and confidence for investors and regulators. These asset include Cardano (ADA), Solana (SOL) and more. Furthermore, the analysts stated that it won’t completely do away with the risks that Coinbase is exposed to. They relate this to the wallet and staking products currently part of the lawsuit, noting this be the reason why Coinbase has no choice but to continue restricting its staking services in some US state. The trading firm took similar moves before in the form of cuts to its cryptocurrent services in attaining customers.

Robert Wilson author
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