"What is Coinbase's motive to act like that?"
In recent times, the Securities and Exchange Commission (SEC) of the United States (US), which has been increasingly aggressive towards cryptocurrency exchanges, has defined nearly 50 digital assets as securities.
However, the lawsuit between Ripple (XRP) and the SEC is still a hot issue as its final decision could provide more clarity to investors regarding crypto regulations.
XRP holders recently claimed that crypto exchange Coinbase had ulterior motives behind not relisting the digital asset.
It is well known that many XRP holders are also applying to have XRP tokens back on the US exchange with the hashtag 'RelistXRP' going viral on Twitter.
According to a crypto enthusiast named Bill Morgan, Coinbase not listing XRP has a different motive as the crypto exchange still allows trading of other digital assets despite being recognized as securities by the SEC.
Morgan also said that Coinbase's Chief Legal Officer (CLO) Paul Grewal has been very inconsistent in protecting crypto.
For the record, the Summary Judgment in the XRP lawsuit that is expected to take place in 2023 could cause the crypto exchange to change its current listing decision.
It is well known that the price of BTC that managed to pass $31,000 is currently hovering at that level, but analysts expect the entire crypto market may see a slight slowdown in the next two months before taking off in the last quarter of 2023.
