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Coinbase Retains Algorand Trading Despite SEC Charges: CLO Paul Grewal Addresses Questions on Double Standards

Coinbase has faced questions over its decision to retain trading activities for Algorand (Algo) despite the US SEC characterizing it as a security. This is in contrast to the exchange's decision to delist XRP for the same reason. In a recent interview, Coinbase's Chief Legal Officer, Paul Grewal, acknowledged the frustration of XRP holders and emphasized the need for teamwork in navigating the evolving legal landscape. Grewal also suggested that there may be a political force behind the recent SEC enforcement actions. Despite Grewal's comments, some XRP proponents remain unsatisfied with Coinbase's response.

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