Coinbase CEO Brian Armstrong has shown support for Ripple in their struggle against the U.S. Securities and Exchange Commission.
- In a series of recent Twitter posts, Armstrong stated that the company’s case is supposedly going “better than expected.”
- Armstrong emphasized that launching attacks against the crypto industry and harming investors is “politically unpopular.”
- The chief of the largest American exchange channeled Ripple’s talking point over the SEC hurting consumers rather than protecting them.
- Armstrong’s tweets reignited potential rumors over Coinbase potentially relisting XRP on its exchange platform.
- The exchange suspended XRP trading following a lawsuit filed by the SEC against Ripple on January 19 that led to the significant price drop.
- Coinbase relisting rumors started making social media rounds after XRP trading pairs showed up on the company’s mobile application last month, which eventually was determined to be a bug.
Despite ongoing legal challenges, XRP has remained resilient, with crypto investor Mike Novogratz noting that the crypto has nearly tripled in value since the SEC filed its complaint.
XRP USD up +1.38%, COIN up +1.61%, Pre-market tradingSource: Twitter