• Bill Morgan praises Coinbase for their transparency efforts with XRP.
• Coinbase’s legal battle with SEC is shifting community perceptions positively.
• XRP community divided but Coinbase’s actions are gaining new respect.

Bill Morgan, a well-known lawyer, has commented on Coinbase’s actions towards the XRP community. He expressed that it’s becoming harder to stay angry at the exchange after their recent efforts.

The court case between Coinbase and the SEC and its effort to obtain regulatory transparency have changed the perception. The words of Morgan indicate this shift in attitude in the cryptocurrency space. He noted that while Coinbase’s decision to delist XRP was a significant blow, its current actions now warrant some recognition.

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Coinbase’s Legal Battle with the SEC

The case that Coinbase continues to engage in against the U.S. Securities and Exchange Commission (SEC) has received widespread attention. The exchange also challenges the actions of the SEC with regard to the lack of records covering cryptocurrency regulation.

 Recently, Paul Grewal, the Chief Legal Officer of Coinbase, alleged that the SEC had destroyed records that were supposed to have been preserved. This contains essential SEC texts by Chairman Gary Gensler. Coinbase also requested that the SEC be sanctioned for its mishandling of important information.

 The exchange is also in pursuit of making sure that such a repeat act by the SEC would never happen again. The case is major as Coinbase is one of the biggest crypto exchanges in the U.S., and its behavior may have an impact on future regulatory practices. Nonetheless, the exchange now continues to state that it desires fair treatment and transparency.

The Shift in Sentiment Toward Coinbase

Morgan’s comment about it being difficult to remain angry at Coinbase reflects a broader shift within the crypto community. Although the move to delist XRP was hard, today, the position is being perceived as a step towards responsibility.

 The move to seek transparency in the legal case against the SEC has been respected. The company’s effort to sue the SEC over its actions has changed the hearts of some of its former opponents.

However, not all XRP holders are satisfied with Coinbase’s actions. The resentment of the decision to delist XRP still lingers among many in 2021. The removal of XRP by the SEC suit against Ripple made a permanent impact on the XRP owners and the community at large.

Nevertheless, others, such as Morgan, admit that the recent steps of Coinbase toward transparency can be seen as a step in the correct direction.

The current legal battle that Coinbase experiences with the SEC, coupled with its community campaign to embrace fairness, can facilitate the regaining of trust. Despite the XRP community being divided on past decisions, the legal affairs of the exchange is gaining a new respect. It is possible that such a change of attitude can become the beginning of a new phase in relations between Coinbase and the XRP community.

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