For years, supporters of the Ripple blockchain network and its native cryptocurrency XRP have anticipated the listing of the asset on Coinbase, the largest digital asset exchange in the U.S.
Many investors have believed that the integration of XRP by Coinbase could be considered as a confirmation of regulatory clearance on the nature of the digital asset as a nonsecurity.
However, Jake Chervinsky, a government enforcement defense and securities litigation attorney at Kobre & Kim LLP said that there are too many variables to directly conclude XRP as a nonsecurity.
Why Did Coinbase Integrate Ripple (XRP) Now?
Like any other commercial business, it is in the interest of Coinbase to supplement the demand from investors in the cryptocurrency market with a well-structured and developed product.
Read the full story on CCN.com.