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Coinbase seems to have listed a lot of projects in their exchange lately, although all but the cryptocurrency currently ranked second in the world, Ripple (XRP). The analyst and investor Joseph Young expressed his opinion on why Binance CZ also commented on the issue recently.
In a recent tweet, Young explained that Coinbase had a number of new projects listed in their exchange, except for every popular XRP. Which currently remains the second largest cryptocurrency by market capitalization behind Bitcoin. Young attributed the main reason for this case to the federal court against Ripple, which would represent a huge obstacle to the U.S.-based digital resource exchange. to list a possible security token.
Summary: XRP is a security system? The lawsuit against Ripple could pass to the Federal Court
Coinbase has listed everything in crypto in addition to XRP. He says he can add any asset beyond a certain level like the stock market, but still without XRP. Wild.
On a serious note, it is likely that the federal judicial case pending against Ripple is holding them for now.
– Joseph Young (@iamjosephyoung) December 12, 2018
The Ripple legal team has voluntarily downloaded a federal case, so I think they are very confident that they will win it
– Joseph Young (@iamjosephyoung) December 12, 2018
The CEO of Binance Changpeng & # 39; CZ & # 39; Zhao also commented on Young's tweet, saying the court case could take years. CZ also says that "it would severely damage many US users and, to a certain extent, other users all over the world". However, the CEO of Binance does not believe that the project is a security. Young also mentions that $ XRP spontaneously rejected a federal case, perhaps spotting their confidence in winning the court case.
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