Companies • July 14, 2023, 10:09AM EDT
Published 1 minute earlier on

Coinbase sees crypto winter 'thawing' after Ripple’s partial legal victory

Read the non-AMP story on Theblock.co
The Block

Quick Take

  • Coinbase’s chief legal officer Paul Grewal said the crypto industry is ready to put legal troubles behind it and focus on innovation.

Coinbase Chief Legal Officer Paul Grewal thinks crypto winter might be starting to thaw.

“We’re seeing green shoots,” Grewal told CNBC in a televised interview, commenting on a partial legal victory for Ripple Labs in a long-running dispute with the Securities and Exchange Commission that sent its native XRP soaring. 

“People are eager to return to focusing on innovation and new ideas, new technologies rather than hearing from lawyers like me and judges in court cases,” Grewal said.

Shortly after the ruling on Thursday, Coinbase, along with Crypto.com and Kraken Pro, reopened trading for XRP which at one point jumped by more than 80% amid massive trading volume. 

"Yesterday's ruling on XRP is a big win for the crypto industry," Coinbase said in a tweet on Friday.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.