{"id":550273,"date":"2023-02-10T16:18:08","date_gmt":"2023-02-10T13:18:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/community-urges-coinbase-to-relist-xrp-as-ceo-fights-for-staking\/"},"modified":"2023-02-10T16:18:08","modified_gmt":"2023-02-10T13:18:08","slug":"community-urges-coinbase-to-relist-xrp-as-ceo-fights-for-staking","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/community-urges-coinbase-to-relist-xrp-as-ceo-fights-for-staking\/","title":{"rendered":"# Community urges Coinbase to relist XRP as CEO fights for staking"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bf1bea2669\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bf1bea2669\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/community-urges-coinbase-to-relist-xrp-as-ceo-fights-for-staking\/#%E2%80%9D_Community_urges_Coinbase_to_relist_XRP_as_CEO_fights_for_staking_%E2%80%9C\" >&#8221; Community urges Coinbase to relist XRP as CEO fights for staking &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Community_urges_Coinbase_to_relist_XRP_as_CEO_fights_for_staking_%E2%80%9C\"><\/span>&#8221; Community urges Coinbase to relist XRP as CEO fights for staking &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvY2VkZTY4NGQtN2VjYS00ZDA0LTgxODktMDk2MThlZjIwYWMzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4bbf85c5>Amid Coinbase cryptocurrency exchange standing up for crypto staking and economic freedom, the online community has urged the company to support XRP as well.<\/p>\n<p>On Feb. 9, Coinbase\u2019s chief legal officer Paul Grewal <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.morningstar.com\/news\/marketwatch\/202302091196\/crypto-industry-fears-a-staking-ban-as-some-turn-to-bitcoin-it-has-always-been-on-the-safe-side-of-regulation\">claimed<\/a> that Coinbase&#8217;s staking program is not affected by rival exchange Kraken shutting down its staking services. The executive argued that Kraken\u2019s staking platform was \u201cessentially offering a yield product,\u201d while Coinbase\u2019s staking services are \u201cfundamentally different and are not securities.\u201d<\/p>\n<p>Coinbase CEO Brian Armstrong also took to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> on Thursday to declare that the exchange will continue to oppose the government when it comes to protecting services like staking. He <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1623806589198303232?s=20\">complained<\/a> about the lack of clear staking regulations, adding:<\/p>\n<blockquote><p>\u201cWe will keep fighting for economic freedom \u2014 our mission at Coinbase. Some days being the most trusted brand in crypto means protecting our customers from government overreach.\u201d<\/p><\/blockquote>\n<p>The community was quick to react to Armstrong\u2019s \u201ceconomic freedom\u201d ambitions, with many criticizing Coinbase for staying away from the XRP (XRP) after delisting the cryptocurrency in 2020. The decision to suspend XRP trading came in response to the United States Securities and Exchange Commission (SEC) taking legal action against Ripple, alleging that the firm violated securities laws by selling XRP tokens.<\/p>\n<p>\u201cIs delisting XRP a good example of Coinbase protecting customers from government overreach?\u201d one crypto enthusiast <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/illneil\/status\/1623870333123170304?s=20\">asked<\/a> on the Twitter thread.<\/p>\n<p>The community has also once again pushed #relistXRP hashtag on Twitter, with many people stressing that XRP has not been declared a security yet, followi more than two years of Ripple\u2019s legal battle with the SEC.<\/p>\n<p>\u201cIf Coinbase really wanted to show they are standing up against the SEC they would simply #relistXRP I mean seriously it has not even been declared a security! Coinbase and Brian Armstrong are nothing but a bunch of cowards,\u201d one industry observer also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CGGRADED\/status\/1623999254069911555?s=20\">argued<\/a>.<\/p>\n<p><strong><em>Related:\u00a0Getting rid of crypto staking would be a \u2018terrible path\u2019 for the US \u2014 Coinbase CEO<\/em><\/strong><\/p>\n<p>Many crypto activists also referred to a recent legal win involving the sale of LBRY Credits (LBC) tokens, bringing parallels with XRP. On Jan. 30, the SEC admitted on record that the sale of LBRY tokens in the secondary market doesn\u2019t constitute a security, implying that players like Coinbase can offer LBC trading without any legal issues.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Coinbase should relist <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a>.<\/p>\n<p>Under the SEC vs LBRY standard, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a> sold by secondary holders is not a security.<\/p>\n<p>\u2014 LBRY  (@LBRYcom) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LBRYcom\/status\/1620885217568493568?ref_src=twsrc%5Etfw\">February 1, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cCoinbase and others should immediately list XRP after LBRY\u2019s legal team and Deaton succeeded in getting the SEC to confirm on the record that secondary market sales of cryptos, for example by exchanges, do not constitute securities transactions,\u201d Twitter user Eviszen wrote.<\/p>\n<p>Launched in 2012, XRP is a major cryptocurrency that is native to the Ripple protocol, aiming to provide financial tools like a cross-border payment method. Despite being involved in a major legal battle with the SEC for the past few years, XRP has remained one of the world\u2019s top cryptocurrencies by market value. At the time of writing, XRP <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/\">is<\/a> the sixth largest crypto asset by value, with a market capitalization of nearly $20 billion, according to data from CoinGecko.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/community-urges-coinbase-to-relist-xrp-as-ceo-fights-for-staking\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Community urges Coinbase to relist XRP as CEO fights for staking &#8220; Amid Coinbase cryptocurrency exchange standing up for crypto staking and economic freedom, the online community has urged the company to support XRP as well. On Feb. 9, Coinbase\u2019s chief legal officer Paul Grewal claimed that Coinbase&#8217;s staking program is not affected by&#8230;<\/p>\n","protected":false},"author":1,"featured_media":550274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/cede684d-7eca-4d04-8189-09618ef20ac3.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74957,74956,75557,117,76558,70934],"class_list":["post-550273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-brian-armstrong","tag-coinbase","tag-xrp","tag-business","tag-freedom","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/550273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=550273"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/550273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/550274"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=550273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=550273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=550273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}