Ripple Lawsuit Ends: Pro-XRP Lawyer John Deaton Revisits XRP Delisting Amid Coinbase Futures Filing
Anjali Belgaumkar4 Apr 20252 min read
In a major development for the crypto market, Coinbase Derivatives has filed with the Commodity Futures Trading Commission (CFTC) to self-certify XRP futures. This move offers investors a regulated, capital-efficient way to trade XRP, one of the most liquid digital assets. The futures contracts are expected to go live on April 21, 2025.
This announcement comes against the backdrop of a long and complex legal battle between XRP, Ripple, and the U.S. Securities and Exchange Commission (SEC). Pro-XRP lawyer John Deaton revisited key events in the legal timeline, showing the ups and downs XRP has faced in the regulatory landscape.
Key Milestones in XRP’s Legal Battle
- January 2019: Coinbase met with the SEC, confirming XRP was not classified as a security after a thorough review by top securities lawyers. This meeting was crucial before Coinbase listed XRP, ensuring it met regulatory standards.
- February 2019: XRP was officially listed on Coinbase, promoted alongside USDC for international money transfers.
- December 2020: The SEC filed a lawsuit against Ripple, claiming XRP was a security—a surprising move that contradicted earlier analyses from both Coinbase and SEC enforcement lawyers.
- July 2023: Judge Analisa Torres ruled in favor of Ripple, declaring XRP is not a security. This ruling led to XRP’s re-listing on Coinbase and other exchanges.
“Like the experienced securities lawyers at Coinbase, its clear SEC Enforcement lawyers, in 2018, also did NOT conclude XRP a security, because the lawyers who wrote the XRP Memo, did NOT recommend enforcement, nor did they recommend a cease and desist to stop selling XRP,” Deaton wrote.
Deaton pointed out the irony of the situation, how so much time and resources were spent on legal battles that could have been avoided with clearer regulatory guidance. Despite the past turbulence, Coinbase’s new XRP futures show renewed confidence in XRP’s regulatory standing and growing demand in the financial markets.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
