The lawyer, supporter of confusion, explains why Coinbase has just doubled on XRP, and what SEC has known all the time
Coinbase has announced that it has applied for CFTC to create self -XRP futures to be exposed to one of the most liquid digital assets. The contract is scheduled to go on April 21, 2025.
The lawyer, supporter of XRP John E. Diton via X Why Coinbase took this step.
The hidden date of XRP and SEC
In January 2019, Coinbase approached SEC to inform them that they evaluated XRP through their digital assets and decided that it was not safe. Coinbase team had some of the best securities lawyer in America. Being officials, they went to SEC to verify whether their display on XRP match the organizer’s offer before its inclusion.
Before this meeting, SEC enforcement lawyers were already good knowledge XRP and its connection to Ripple. FINCEN settled with XRP in 2015 and shared the terms of settlement with SEC. Both skeletons have received all XRP sales from 2015 to 2020. And more exposed, SEC enforcement lawyers wrote XRP Horse on June 13, 2018 – just one day before William Heinman gave his speech that ETHEREM was no longer security.
Let’s do XRP/Coinbase:
In January 2019, Coinbase The team went to Secgov SEC informed that Coinbase has operated XRP through its digital asset frame and identified XRP is not safe. Coinbase was a component of some of the most experienced securities … https://t.co/cztejy17uw pic.twitter.com/qfmhbpqnbh
John E Deaton (@Johnedaaton1) April 4, 2025
Like Coinbase’s legal experts, the SEC enforcement team did not conclude XRP was safe in 2018. Lawyers who have composed XRP note are not recommended to enforce or suggest a stop and a stop to stop Ripple, Brad GarlingHouse or Chris Larsen from the sale of XRP.
Also read: Experts predict the main bounce of the XRP price with a flashing key signal
From listing to the legal battle
During the January 2019 meeting, Coinbase The SEC told that they intend to include XRP unless the agency differs with its analysis. SEC or Queens did not agree to move forward. One month later, on February 26, 2019, XRP was inserted on Coinbase.
After the menu, Coinbase upgraded the XRP interest actively alongside USDC to transfer free international funds. However, nearly two years later, on December 22, 2020 – 7 and a half years after XRP circulated publicly in the United States – SEC suddenly claimed that XRP was safe and sued Ripple and its executives.
The Supreme Education Council went further, arguing that all XRP codes were securities regardless of how they acquired or sell them. In response, 75,000 XRP holders joined the case as amici. Judge Torres, citing thousands of XRP holders, eventually stood with Ripple and Coinbase, and Holders, the ruling that XRP itself was not safe.
Within hours of this decision, Coinbase and other exchanges re -insert XRP. Now Coinbase now announced the introduction of the future contract, which represents another vote of confidence in the regulatory status of XRP.
According to Deaton, this epic is a huge waste of money, resources and time – but in the end, supporters of XRP prevailed.
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