The prominent Twitter user and crypto commentator, Ben Armstrong, popularly known as BitBoy, has recently mentioned a potential key ally that could help XRP against the Securities and Exchange Commission (SEC) in the ongoing lawsuit. Recall that the SEC has been targeting XRP for some time now, claiming it is an unregistered security.
Ripple and XRP could welcome a new partner in the legal battle with the US Securities and Exchange Commission, Ben Armstrong stated.
BitBoy commented on Twitter, stating that Ripple and XRP could find an ally in Coinbase, the largest US-based crypto exchange that recently sued the SEC for not providing crypto regulatory clarity.
XRP MAJOR New Ally! (PEPE Hits ANOTHER All Time High!) https://t.co/ZIEvYTu43d
— Ben Armstrong (@Bitboy_Crypto) May 4, 2023
Recall that Stuart Alderoty and Paul Grewal, the chief legal officers of Coinbase and Ripple held a meeting a while back. Though the meeting details were not made available to the Public, both legal officers indicated they were happy to have met over the legal issues at hand.
Also, Alderoty, expressing his gratitude, revealed that Grewal had a nice time talking with Ripple’s legal team. This new development shows that the meeting between both attorneys is a professional one and not just a mere personal encounter.
The meeting held showed a positive alliance between both parties is imminent. Ben believes Coinbase would be a strong partner for XRP if such development is allowed to materialize.
Also, Deaton revealed in his latest tweet that to survive in the current cryptocurrency-hostile market, it is important to make “the enemy of my enemy my friend”
Read Also: High Profile Lawyer Explains Why He Thinks Ripple Does Not Dump XRP on the Market
More Talks about the Speculation
Attorney John Deaton and the US Congress candidate January Walker have repeatedly come hard on the US Security Exchange Commission while urging the crypto investors to fight back against the perceived regulatory outreach of the commission. Attorney John Deaton talked in high spirits about the recent meeting held by both XRP and Coinbase legal officers.
Recall that the largest crypto exchange in the US filed a lawsuit against SEC, telling the commission to state the regulatory policies of the crypto market.
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