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Coinbase has surpassed Bitcoin in trading volume on its platform, according to recent data. The news comes as the company faces a lawsuit from the Securities and Exchange Commission (SEC) over allegations of unregistered securities offerings.
The lawsuit does not mention XRP, despite Ripple being one of the largest cryptocurrencies traded on Coinbase’s platform. The omission has raised eyebrows among cryptocurrency enthusiasts and observers alike.
Coinbase’s decision to exclude XRP from the lawsuit may be seen as a sign that it is unwilling to engage with the controversy surrounding Ripple’s token, which has been under scrutiny by regulatory bodies in recent years.
In an interview with U.Today, a spokesperson for Coinbase stated that the company remains committed to providing its users with a wide range of digital assets and continues to support the growth of the cryptocurrency industry.
“Coinbase is a decentralized platform that operates on the principles of free market forces,” they said. “We believe in giving our users choice when it comes to which assets they can trade, and we will not be swayed by external pressures or threats.”
The omission of XRP from the lawsuit has sparked debate among cryptocurrency enthusiasts and observers, with some questioning whether Coinbase is trying to distance itself from Ripple and its legal troubles.
Others have pointed out that the lawsuit does not necessarily imply any wrongdoing on Coinbase’s part, as the company was simply serving as a platform for users to trade in digital assets.
Regardless of the motivations behind the omission, it remains unclear what impact this will have on the cryptocurrency market or the broader regulatory landscape.
Source: https://u.today/xrp-omitted-in-coinbase-lawsuit-whats-reason
