The COO of Coinbase said the SEC v. Ripple case was “higher than expected”-investors hope that XRP will be listed again soon

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Coinbase Chief Operating Officer Brian Armstrong (Brian Armstrong) said that the SEC v. Ripple case “seems to be higher than expected.” He added that the US Securities and Exchange Commission “was aware that offensive encryption is politically unwelcome.”

COO of Coinbase in Ripple business, SEC offensive cryptocurrency

Brian Armstrong, chief operating officer of Coinbase, a NASDAQ-listed cryptocurrency exchange, commented on the U.S. Securities and Exchange Commission’s (SEC) social control actions against Ripple Labs on Monday. Quoting a Forbes article entitled “The U.S. Securities and Exchange Commission did not see a comeback in the cryptocurrency struggle”, he wrote on Twitter:

Ripple’s situation seems to be higher than expected. At the same time, the SEC realized that offensive encryption is politically unpopular (because it hurts consumers).

The Coinbase boss added: “The irony is that these people actually |they} claim to protect those who attack them.”

Ripple Chief Operating Officer Brad Garlinghouse (Brad Garlinghouse) issued the same statement related to the SEC. Noting that regulators refuse to provide a transparent framework for encryption, he said: “The SEC is not working with companies, but using their meetings with companies as potential customers for his or her social control actions.” He added, Many XRP holders have filed a class action lawsuit with the SEC, “These people are the people the SEC aims to protect.”

Some people on Twitter were surprised by Armstrong’s positive comments on Ripple on Twitter. Some people see his statement as an optimistic sign that the value of XRP will soon rise.

Some people suspect that Coinbase might also relist XRP soon. “It sounds like Brian Armstrong and Coinbase should prepare to relist XRP,” one person tweeted. However, some people are still skeptical, believing that Coinbase will not relist XRP until the cause is over. Coinbase delisted XRP in January, shortly after the US Securities and Exchange Commission filed a lawsuit against Ripple Labs, its executive, COO Garlinghouse, and co-founder Chris Larsen.

The Nasdaq-listed company recently ran into trouble with securities regulators when it tried to launch a loan program. The exchange mentioned the commodity to the SEC, but if the release continues, it is easy to proceed. This caused Coinbase to shelve the product.