There recent partial victory of Ripple Labs against the Securities and Exchange Commission (SEC) caused a real shock wave in the crypto industry. Altcoins felt this surge of optimism and their prices reflected it. Against this heated backdrop, Coinbase today shared its absolute confidence in the future of cryptocurrencies and blockchain, through the words of Paul Grewal, their Chief Legal Officer.
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When Ripple heats up the bear market
In a recent interview, Paul Grewal shared his views on the impact of Ripple’s legal victory. Enthusiastically, he pointed to the emergence of “green shoots” in the blockchain industry, indicating an impending thaw after a winter period.
“People are eager to focus again on innovation and new ideas, new technologies rather than hearing from lawyers like me and judges in court cases”
Furthermore, Grewal believes that the focus should be on technological advances rather than litigation involving lawyers and judges and the SEC, thus underscoring thetoxic atmosphere that weighs on our entire beautiful ecosystem.
This wind of optimism was further fanned by the decision of Coinbase and other exchanges such as Gemini, Crypto.com or Kraken Pro to re-list Ripple’s native cryptocurrency.
Let us not forget, however, as we specified yesterday that this victory is only partial and that it closes the week taking with it many unanswered questions.
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