Coinbase, a prominent crypto exchange, draws a severe rebuke from XRP lawyers amid the Ripple Vs SEC lawsuit debate. In a recent development, XRP lawyer Bill Morgan questioned Coinbase’s selfish motives, highlighting their deafening silence.
Meanwhile, legal expert Fred Rispoli accused Coinbase of acting out of self-interest. Rispoli asserted that the crypto exchange’s actions are driven by profit rather than community benefits.
XRP Lawyer Slams Coinbase for Selfish Motives
Recently, XRP lawyer Bill Morgan criticized Coinbase and its chief legal officer Paul Grewal for being clearly guided by selfish motives. Morgan shed light on their explicit silence until they found themselves embroiled in a legal dispute with the US Securities and Exchange Commission. In an X post, Bill Morgan stated, “Coinbase and Paul Grewal were silent until the SEC targeted Coinbase.”
Notably, Morgan’s statement underscores the silence of Coinbase and Paul Grewal during Ripple’s prolonged legal battle with the SEC. According to Morgan, Coinbase has remained tight-lipped since 2020 when the SEC filed a lawsuit against Ripple. The XRP lawyer added that the exchange broke its silence only when it was directly impacted by the SEC’s actions.
Lawyer Exposes Coinbase’s Self-Centric Actions
Reinforcing Bill Morgan’s claims, another pro-XRP lawyer Fred Rispoli slammed Coinbase for being influenced by self-centric motives. He asserted that the crypto exchange’s actions are rooted in greed, rather than a genuine desire to serve the crypto community.
Completely agreeing with Morgan’s arguments, Rispoli stated,
Everything this company does is purely out of self-interest. Not saying corps shouldn’t look after the bottom line but don’t pretend you were “for the people” from Day 1 (b/c your ToS with customer restrictions is exactly the opposite of this).
Coinbase, the top crypto exchange, faces this increased backlash following Paul Grewal’s interview with MetaLawMan. During the interview, Grewal acknowledged leading Ripple community members including Stewart Alderoty and John Deaton’s efforts in the XRP case. Grewal stated,
There were many others fighting alongside us and many who are actually fighting even before we got dragged into this…I think people like Stuart Alderoty and John Deaton, folks who really bor the brunt of Mr. Gensler’s early efforts to crack down on crypto and essentially stamp it out before it could become large enough.
However, in response to Grewal’s statements, pro-XRP lawyer MetaLawMan shared an X post, highlighting Ripple’s solo journey in the long-held lawsuit. He stated, “Regardless of which crypto tribe you align with, I think we should acknowledge that Ripple’s lonely fight against the SEC was key to the survival of the crypto industry in the U.S.”
After examining the major centralized exchange tokens like BNB, OKB, CRO, and others, MultiBank’s MBG token emerges as a particularly compelling opportunity that combines institutional credibility with innovative tokenomics. Here’s an in-depth analysis of why MBG stands out in the current market landscape.
I. Tokenomics: Strategic Scarcity by Design
MBG’s tokenomics structure appears more aggressive in its deflationary approach than most established CEX tokens:
Buyback & Burn Mechanism: Up to 50% of the token supply is designated for buyback and burn, directly tied to trading volume across the MultiBank ecosystem. This significantly outpaces BNB’s burn rate (which aims to eventually burn 50% of initial supply to reach 100M tokens) and exceeds MEXC’s 40% profit allocation for burns.
Volume-Based Burns: By linking burns directly to trading activity rather than just quarterly profits, MBG creates a more immediate and transparent relationship between platform success and token value.
This aggressive deflationary model could accelerate scarcity, potentially driving price appreciation more rapidly than competitors if trading volume meets expectations.
II. Utility: Multi-Dimensional Value Creation
MBG integrates multiple utility functions that have proven successful across other CEX tokens:
Trading Fee Discounts: Similar to BNB and OKB, incentivizing platform usage
Staking Rewards: Creating passive income opportunities for holders
Exclusive IEO Access: Following the successful model of Binance Launchpad and MEXC Kickstarter
Social Trading Boosts: A unique feature that differentiates it from other CEX tokens
What’s notable is how MBG has integrated the most successful utility elements from various exchanges while adding unique features that align with modern trading behaviors like social trading.
III. Institutional Credibility: The TradFi Advantage
This is where MBG truly distinguishes itself from most CEX tokens:
Established Financial Infrastructure: Backed by MultiBank Group with $4.5 trillion traded in 2024
17 Regulatory Licenses: Spanning five continents, demonstrating global compliance
Two Decades of Financial Operations: Unlike many crypto projects with limited operational history
Multiple Exchange Licenses: VARA, AUSTRAC, and FSAS regulated
While tokens like BNB have faced ongoing regulatory scrutiny and uncertainty, MBG begins with established regulatory compliance, potentially offering greater stability and institutional confidence.
IV. Market Positioning: The RWA Bridge
MBG is strategically positioned at the intersection of two powerful trends:
CEX Token Utility: Leveraging the proven business model of exchange tokens
Real World Asset (RWA) Integration: Connecting to traditional finance at a time when the market is increasingly focused on bridging TradFi and DeFi
This dual positioning is unique among CEX tokens, most of which lack the regulatory framework and TradFi connections to meaningfully participate in the RWA narrative.
V. Growth Potential: Early-Stage Opportunity
Unlike established CEX tokens with mature valuations, MBG represents an early-stage opportunity:
Market Cap Differential: Compared to BNB’s $85+ billion market cap, MBG has substantial room for growth if it captures even a fraction of that value
Expanding User Base: As MultiBank transitions its existing TradFi clients to its crypto exchange
Cross-Selling Potential: Ability to market to both crypto natives and traditional finance participants
VI. Comparative Advantage Analysis
When compared directly to leading CEX tokens, MBG offers several distinct advantages:
For investors seeking exposure to the CEX token sector, MBG offers a unique value proposition that merges institutional credibility with crypto innovation at an early stage of development. The combination of established TradFi infrastructure, aggressive tokenomics, and comprehensive utility creates a potentially powerful value proposition in the current market environment.
The post MultiBank (MBG) Token Analysis: A Standout Opportunity in the CEX Token Landscape appeared first on Coinpedia Fintech News
After examining the major centralized exchange tokens like BNB, OKB, CRO, and others, MultiBank’s MBG token emerges as a particularly compelling opportunity that combines institutional credibility with innovative tokenomics. Here’s an in-depth analysis of why MBG stands out in the current market landscape. I. Tokenomics: Strategic Scarcity by Design MBG’s tokenomics structure appears more aggressive …
Just days before Coinbase launched CFTC-regulated XRP futures on its U.S. derivatives platform, the Oregon Attorney General filed a lawsuit against the company, claiming that 31 cryptocurrencies sold on Coinbase — including XRP, UNI, LINK, AAVE, and MKR — are unregistered securities.
This lawsuit goes way further than the SEC’s original complaint, which listed 13 tokens. The Oregon case expands that number to 31, calling them “crypto securities” and alleging they were offered and sold as investment contracts through Coinbase and Coinbase Prime.
What’s raising eyebrows is the inclusion of XRP, especially since Coinbase delisted the token shortly after the SEC sued Ripple in December 2020, and didn’t relist it until after the July 2023 summary judgment from Judge Torres. In that ruling, Judge Torres stated that XRP itself is not a security, a key detail the Oregon complaint does not appear to acknowledge.
Days before Coinbase’s CTFC regulated XRP futures goes live on Coinbase Derivatives the Oregon AG files a complaint that alleges XRP sold on the Coinbase platform and Coinbase prime is a ‘crypto security’ ignoring that Coinbase delisted XRP from those platforms and did not allow… https://t.co/cS0WTLqozUpic.twitter.com/xnc3fQjAxc
This legal action arrives at a pivotal time for Coinbase, as the exchange recently launched XRP futures trading for U.S. customers through its CFTC-regulated derivatives platform on April 21, hinting at renewed confidence in the regulatory status of the token.
The lawsuit has sparked fresh debate over the legal classification of digital assets in the U.S., as regulators and state officials continue to take different positions on what defines a security in the crypto space.
The post XRP Among 31 Tokens Targeted in Oregon AG’s Latest Lawsuit appeared first on Coinpedia Fintech News
Just days before Coinbase launched CFTC-regulated XRP futures on its U.S. derivatives platform, the Oregon Attorney General filed a lawsuit against the company, claiming that 31 cryptocurrencies sold on Coinbase — including XRP, UNI, LINK, AAVE, and MKR — are unregistered securities. This lawsuit goes way further than the SEC’s original complaint, which listed 13 …
