• Ripple CTO David Schwartz addresses accusations that Ripple paid Coinbase to list XRP.
• Allegations originally surfaced in a 2018 Bloomberg report and gained renewed attention recently, sparking controversy.
• Ongoing legal battle between Ripple and SEC adds uncertainty to Coinbase’s stance on XRP.
Ripple CTO Responds To Allegations
David “JoelKatz” Schwartz, the Chief Technology Officer of Ripple, has stepped forward to confront the lingering suspicions and doubts about Ripple’s relationship with Coinbase, one of the leading crypto exchanges. The accusations, suggesting that Ripple had incentivized Coinbase to list XRP, its native token, originally surfaced in a Bloomberg report from 2018.
The Debate Renewed
The story has found renewed life in the wake of Judge Analisa Torres’ latest ruling in the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC). Amidst the resurfacing controversy, a Twitter account called ScamDetective reignited the debate by asking: “How much does everyone think Ripple paid Coinbase to list XRP?” Schwartz responded to the tweet expressing his thoughts and regret over being unable to share what happened behind Coinbase’s listing of XRP.
Coinbase Stance On XRP
Jeremy Hogan, a lawyer who supports XRP, has shed light on the reasons preventing Coinbase from reinstating XRP to its platform. The exchange had removed XRP from its listings back in November 2022 along with Bitcoin Cash and Ethereum Classic due to legal implications surrounding Ripple’s ongoing case with SEC which adds uncertainty for Coinbases decision making process regarding this issue.
Implications Of The Case
Hogan asserts that the current legal limbo around Ripple’s status is likely causing Coinbase’s hesitation with reinstating their listing for this coin. With no final judgment yet in sight related to this case it makes sense why they would choose caution when it comes down making decisions for their platform users at this time period.
This article discussed how David “JoelKatz” Schwartz addressed recent rumors circulating about how much influence he believes was used by ripple when attempting to gain listing on coinbase as well as exploring potential implications if any surrounding this issue which could give insight into coinbases decisions related to their listings going forward .