According to JPMorgan experts, the recent court verdict on Ripple’s XRP token Ripple plays in favor of Coinbase, as it reduces the risk of losses for the crypto exchange operator. They have stated: “The ruling appears on the surface to be a win for Coinbase in its recent lawsuit by the SEC. We see Coinbase in the best position to benefit from the improved confidence and regulatory clarity given Coinbase’s market-leading position and respected reputation in the industry.” Ripple won a “partial victory” in the lawsuit with the regulator. The judge ruled that XRP is not a security when sold on the secondary market. However, this decision does not apply to the offering of the coin to institutional investors. JPMorgan experts have admitted a positive court decision regarding the Ripple crypto can be applied to 13 tokens traded on Coinbase. The SEC filed lawsuits on them, considering the listing of assets on the platform as an unregistered securities offering. If the decision in the Ripple case stands, it will be difficult for the regulator to prove the accuracy of its rating of the coins, analysts say.
