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XRP Lawyers Criticize Coinbase for Self-Serving Behavior During Ripple SEC Lawsuit

Coin WorldTuesday, Mar 25, 2025 9:21 am ET
2min read

Bill Morgan, a prominent XRP lawyer, has launched a scathing critique against Coinbase and its Chief Legal Officer, Paul Grewal. Morgan contends that Coinbase's behavior during the Ripple SEC lawsuit was self-serving, highlighting the platform's silence throughout Ripple's prolonged legal battle with the U.S. regulator. Morgan pointed out that Coinbase only spoke out against regulatory overreach when it faced its own legal scrutiny, suggesting a lack of genuine advocacy for the broader crypto industry.

Morgan's remarks have sparked intense debate within the crypto community, particularly among XRP supporters. Many argue that Coinbase's inaction during Ripple's legal difficulties demonstrates a lack of unity and collective responsibility within the industry. They believe that Coinbase could have played a more proactive role in shaping U.S. crypto regulations by taking a stance earlier in the process.

Fred Rispoli, another lawyer supportive of XRP, echoed Morgan's sentiments, asserting that Coinbase's primary motivation was financial gain rather than advancing broader industry concerns. Rispoli criticized the company's policies, which he believes prioritize profitability over user empowerment. He argued that these practices contradict Coinbase's public image as a digital asset-friendly service. Rispoli also noted that the company's public relations efforts did not align with its actual practices, further fueling the debate about its true intentions.

Rispoli's critique extended to Coinbase's strategic distancing from the legal fight, suggesting that the platform purposefully avoided involvement to preserve its market position. This raised deeper questions about whether excessive corporate self-interest undermines collective industry action and the potential for unified regulatory advocacy.

Paul Grewal, Coinbase's Chief Legal Officer, broke his silence to acknowledge the significance of the Ripple SEC lawsuit in combating aggressive U.S. crypto regulations. In an interview, Grewal praised Ripple's legal team for their persistent efforts, specifically mentioning Stuart Alderoty and John Deaton. However, many within the XRP community view Grewal's remarks as belated, given the prolonged nature of Ripple's legal battle. The interview also highlighted the importance of Ripple's legal efforts for the survival of the crypto industry in America, suggesting that Coinbase benefited from these efforts before facing its own legal challenges.

The recent dismissal of the Ripple SEC lawsuit marked a significant legal victory for the company. Ripple's CEO, Brad Garlinghouse, celebrated the win as transformative for the sector, emphasizing the importance of early resistance against overreaching policies. Critics now accuse Coinbase of neglecting this proactive approach until it was forced to participate. Industry participants are calling for increased unity to prevent recurring regulatory setbacks, believing that a proactive approach by Coinbase and other firms could have secured stronger industry-wide policies over time.

The emerging divide between XRP supporters and Coinbase has exposed internal tensions within the crypto community. While Grewal's recent acknowledgment of Ripple's efforts may indicate a subtle shift, many investors remain unconvinced. XRP lawyers Morgan and Rispoli argue that excessive corporate self-interest critically undermines collective industry action, suggesting that earlier advocacy could have better influenced U.S. crypto regulations.

Looking ahead, the resolution of the legal battle presents an opportunity for greater cooperation within the industry. Many experts urge firms to unite over regulatory challenges rather than acting solely on self-preservation. The community is closely watching to see if Coinbase is willing to strengthen its commitment to the broader crypto sector. The decision will have a significant impact on both regulatory progress and the future of decentralization.

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NeighborhoodOld7075
03/25
$COIN going wild!
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Silgro94
03/25
$COIN took a hit at $204 thanks to some profit hunters.
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k_ristovski
03/25
$COIN to 250
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therealchengarang
03/25
Holding $XRP long, riding the regulatory rollercoaster.
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bnabin51
03/25
Decentralization suffers when firms prioritize profits over people.
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Alert-Reveal5217
03/25
Coinbase's advocacy? It lit a fire only when the SEC's flames got too close
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TY5ieZZCfRQJjAs
03/25
XRP vs Coinbase is like watching a soap opera. Drama, betrayal, and now a potential shift? Stay tuned.
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stoked_7
03/25
XRP lawyers hitting hard, but Ripple's celebrating big
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cyarui
03/25
@stoked_7 Fair enough
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durustakta
03/25
Ripple's win is a big W, but let's not forget—regulations can change like the wind. Unity in the crypto world might save us all from wild swings. 🤔
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Witty-Performance-23
03/25
Regulatory battles unite us, profit motives divide us
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bottomline77
03/25
Gotta love the drama in the crypto world. XRP vs. Coinbase is like the latest season of Game of Thrones. Who will win the Iron Throne of trading platforms?
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RadioactiveCobalt
03/25
Gotta love the drama in crypto, always entertaining. 😂
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ReindeerApart5536
03/25
Coinbase's timing reeks. They only speak up when it suits them, not when it counts. Real leaders take a stand, not just a PR opportunity.
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haarp1
03/25
If Coinbase was truly on our side, they'd have fought for Ripple like a brother. Instead, they played the field for profits. Not cool, bro.
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GJohannes37
03/25
COINbase just looking out for $COIN, not crypto.
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Lurking_In_A_Cape
03/25
@GJohannes37 True, COINbase prioritizes profits over people.
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