Gemini Co-Founder Backs XRP In Latest Case Against Coinbase

Tyler Winklevoss, co-founder of Gemini, has strongly criticized Oregon Attorney General Dan Rayfield following the state’s lawsuit against Coinbase. The lawsuit claims that XRP and other digital assets offered by the exchange are unregistered securities, placing Coinbase in violation of Oregon state law. Tyler, who responded to the complaint, referenced 2023’s federal ruling in the SEC vs. Ripple case, which concluded that XRP is not a security when sold on public exchanges. He called out Oregon’s attorney general for disregarding this outcome, stating, “Maybe Oregon’s AG didn’t get the memo. A U.S. Federal judge already ruled that XRP is NOT a security.” He went further, calling for the AG’s impeachment for wasting taxpayer money and defying existing legal precedent. Maybe Oregon’s AG didn’t get the memo. A U.S. Federal judge already ruled that XRP is NOT a security. Impeach this clown for wasting taxpayer money and blatantly defying the law. https://t.co/viuTwbMxov — Tyler Winklevoss (@tyler) April 22, 2025 Oregon’s Legal Challenge The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Coinbase , Ripple, and many other cryptocurrency companies. Despite this, the Oregon Department of Justice, in an April 18 statement, framed the lawsuit as an attempt to address a regulatory vacuum left by what it claimed was federal inaction under the Trump administration. It argues that Coinbase, through its standard platform and Prime service, offered tokens such as XRP, Aave, and Uniswap as investment contracts, allegedly making them securities under Oregon law. Coinbase’s chief legal officer, Paul Grewal, expressed frustration with the legal challenge , as it ignores important precedent, including the ruling on XRP’s status and Judge Katherine Polk Failla’s decision to allow an interlocutory appeal in the SEC’s case. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 What’s Next for XRP? For Winklevoss and others in the crypto sector, Oregon’s action contradicts that clarity and reintroduces uncertainty into an issue many considered resolved at the federal level. By ignoring the federal court ruling, Oregon’s attorney general has drawn direct criticism from the crypto community members who see the move as legally unsound and politically motivated. Winklevoss’s response reflects broader frustration within the industry regarding continued attempts to relitigate XRP’s status through state-level enforcement. Despite the legal uncertainty, Coinbase recently expanded its support for XRP by adding futures contracts to its derivatives platform on April 21. Coinbase is not backing down, and just as Ripple fought the SEC for years, Coinbase could win another major victory for the crypto space in Oregon. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Gemini Co-Founder Backs XRP In Latest Case Against Coinbase appeared first on Times Tabloid .

Source: TimesTabloid