Coinbase has filed a lawsuit against the SEC in the US Circuit Court, seeking to compel the securities regulatory agency to respond to a rulemaking petition filed last July, asking for regulatory guidance for the crypto industry. The move has been celebrated by members of the XRP community, with supporters of the cryptocurrency taking to Twitter to back Coinbase's decision to pressure the SEC via the lawsuit. However, some critics, such as CryptoBull, have called out Coinbase for de-listing XRP and not supporting Ripple in its legal battle against the SEC. Nevertheless, attorney Jeremy Hogan believes that many XRP supporters no longer consider Coinbase an enemy.

(By LELE JIMA)