Coinbase sees crypto winter 'thawing' after Rippleās partial legal victory
Quick Take
- Coinbase’s chief legal officer Paul Grewal said the crypto industry is ready to put legal troubles behind it and focus on innovation.
Coinbase Chief Legal Officer Paul Grewal thinks crypto winter might be starting to thaw.
āWeāre seeing green shoots,ā Grewal told CNBC in a televised interview, commenting on a partial legal victory for Ripple Labs in a long-running dispute with the Securities and Exchange Commission that sent its native XRP soaring.Ā
āPeople are eager to return to focusing on innovation and new ideas, new technologies rather than hearing from lawyers like me and judges in court cases,ā Grewal said.
Shortly after the ruling on Thursday, Coinbase, along with Crypto.com and Kraken Pro, reopened trading for XRP which at one point jumped by more than 80% amid massive trading volume.Ā
"Yesterday's ruling on XRP is a big win for the crypto industry," Coinbase said in a tweet on Friday.
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