🍀 Paul Grewal assured users that the exchange is cooperating with regulatory authorities to comply with state laws regarding the custody of client assets:

“XRP trading on Coinbase is now available again in New York. We heard you and started working in close partnership with the government. And now we can announce it - we are back."

Since the US Securities and Exchange Commission (SEC) lawsuit against Ripple in 2020, XRP has remained an asset under criticism and scrutiny from regulators and centralized exchanges.

A number of platforms, such as Bittrex and Binance.US, delisted XRP after the SEC accused Ripple Labs of selling unregistered securities. But they then reversed their position, relisting the crypto asset after Southern District of New York Judge Analisa Torres ruled that secondary sales of XRP were not sales of securities.

However, despite the court's decision and the token's relisting on US exchanges, XRP continued to face regulatory hurdles in New York. $XRP