What matters here is who Coinbase was sued by. Could be bad news before the IPO but could also mean nothing https://twitter.com/DeItaone/status/1344347954971357184
Ok so this is a class action lawsuit filed in federal court in Northern California. It's seeking to recover commissions that Coinbase made from selling XRP
Not an expert here in any way but seems like nothingburger
That being said, all exchanges absolutely knew XRP is likely a security in the SEC's view. That's the reason why Coinbase didn't list XRP for the longest time. Then they came up with that nonsensical Crypto Rating Council to give them plausible deniability.
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