The pro-XRP lawyer reminded the community that Coinbase was one of the major promoters of XRP before the lawsuit forced the crypto exchange to delist the token.
Deaton noted that Coinbase did its due diligence and even reached out to the SEC to check the regulatory status of XRP before listing it. Coinbase in its meeting in January 2019, explained to the SEC that it evaluated XRP based on its stringent regulatory framework for digital assets, the same framework a senior staff at the SEC had publicly complimented Coinbase on.
The SEC at the time didn’t share any objection to the Coinbase listing proposal followed by the crypto exchange listing the XRP token in Feb 2019. Similarly, MoneyGram, a payment processor giant and a key Ripple remittance partner also filed a form with the SEC, disclosing how they plan to use XRP. MoneyGram faced no objection from the SEC either.
We know the rest. It is so clear the lawsuit was used as a weapon. I said it only 9 days after the Ripple lawsuit in a federal pleading, when I filed the Writ of Mandamus against the SEC, and all the evidence uncovered during the last 3 years proves it to be true.The pro-XRP lawyer claimed that Ripple's lawsuit was used as a weapon. and said “all the evidence uncovered during the last 3 years proves it to be true.
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