The crypto industry has witnessed a lot of developments over the past few years, with emerging tokens such as Big Eyes Coin (BIG) gaining popularity and market acceptance. However, the past years have been eventful for Ripple Labs Inc. and its digital asset XRP. It has been embroiled in a lawsuit with the United States Securities and Exchange Commission (SEC) over the status of XRP, which has led to its delisting from several cryptocurrency exchanges, including Coinbase. As the lawsuit nears its end, many XRP enthusiasts are wondering if Coinbase will relist XRP on its platform.

Will Coinbase List XRP Again?

Coinbase Chief Legal Officer Paul Grewal discusses the prospective relisting of XRP on the exchange in an interview via the "Thinking Crypto" podcast. He noted that relisting XRP would necessitate legal action and would be contingent on the grounds of the judge's finding in the Ripple Labs Inc. litigation, the judge's legal reasoning, and Coinbase's estimate of whether the court would uphold the decision. He stated that Coinbase, as a publicly traded business, has a responsibility to tread carefully in this area and concerning any coin that is the subject of federal court litigation.

The XRP community reacted to Grewal's remarks, with a few interpreting them to mean that Coinbase will relist XRP if the Ripple vs. SEC issue is resolved. Nevertheless, XRP supporters continue to advocate for the relisting of XRP on Coinbase and other exchanges.

Coinbase’s Delisting of XRP in 2021

Coinbase delisted XRP in January 2021, shortly after the SEC sued Ripple Labs Inc., the company behind the digital asset. The SEC claimed that XRP constituted security and that Ripple sold XRP tokens in an unregistered securities offering. As a result, Coinbase and other exchanges, as well as some investment platforms, have withdrawn XRP trading entirely from their sites.

Big Eyes Coin Makes a Splash with $33.8M Gain

The ongoing legal dispute between XRP and the SEC has caused uncertainty in the crypto market. This has led to some investors shifting their focus to other cryptocurrencies, such as Big Eyes Coin, which has seen a surge in value amidst the legal battle surrounding XRP.

Big Eyes Coin — What is It?

Big Eyes Coin is an up-and-coming meme token that uses a cat theme to make investing in cryptocurrencies less intimidating. Despite its playful theme, BIG aims to generate high returns for its users, as evidenced by its impressive $33.88 million generated funds in presale.

The Big Eyes team has also unveiled its tradable and mintable NFT Loot Box cards, which have excited its community of Kitty Cuddlers. These NFTs can now be collected on OpenSea.

Big Eyes Coin hasn’t been launched in the blockchain yet, but the team behind this soaring meme token announced that it will be ending its presale phase on June 3rd. The announcement of the token’s release should be made shortly after.

The Bottomline

Big Eyes Coin has seen significant gains amidst the ongoing legal dispute between SEC and XRP. But, its rise in value can also be attributed to several factors, including increasing demand and interest from crypto aficionados.

Similarly, the SEC-XRP lawsuit — and Coinbase delisting the digital asset shortly after — has been a significant epoch in the crypto industry. However, as the lawsuit comes to an end, there is hope that XRP will be relisted on Coinbase.

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