XRP Lawyer and Cathie Wood Compare Coinbase to Goldman Sachs

XRP continues to shape conversations within the crypto space, especially as new developments hint at a deeper integration with traditional financial services. Recently, pro-Ripple attorney John Deaton and ARK Invest’s Cathie Wood stirred discussion by suggesting that Coinbase could become the modern equivalent of Wall Street giants like Goldman Sachs.

Coinbase’s recent market performance has drawn widespread attention. Its stock, COIN, surpassed the $350 mark for the first time since early 2022, closing the week with an impressive 14.6% gain. This surge marks more than a technical rally — it signifies a fundamental shift in how the platform is perceived. Once seen primarily as a crypto trading venue, Coinbase is now being likened to established financial institutions.

Wood’s comments highlighted an emerging narrative: the role of crypto assets, and XRP in particular, as financial tools integrated into traditional practices. She floated the bold notion that Bitcoin held on Coinbase — and potentially other digital assets like XRP — could soon be utilized as collateral for home loans. This would mark a seismic shift in how banks assess digital wealth, creating immense opportunities for users who have been sidelined by conventional finance.

The logic behind this transformative idea is clear: many crypto investors hold significant wealth in digital assets but face hurdles when interfacing with legacy banks. Coinbase’s regulated infrastructure and custody services put it in a unique position to solve this problem. Essentially, the exchange could become the bridge between blockchain-based wealth and tangible, real-world financial access.

Wood framed this evolution as nothing short of revolutionary. Instead of liquidating holdings like XRP or Bitcoin to meet banking standards, holders would have the ability to leverage their assets — mortgage-style — while still preserving long-term positions. Not only would this bring liquidity to digital portfolios, but it would also legitimize crypto as an asset class worthy of traditional collateral treatment.

Backing this view, pro-XRP lawyer John Deaton drew direct parallels between Coinbase and historic financial powerhouses. In a public statement, he referred to Coinbase as a “must-have blue-chip stock,” comparing its trajectory to institutions like Goldman Sachs, JPMorgan, Merrill Lynch, and American Express. According to Deaton, Coinbase is no longer just participating in global finance — it’s quickly becoming one of the most integral players.

This outlook aligns compellingly with Ripple’s vision of reducing the barriers between blockchain ecosystems and mainstream infrastructure. XRP has consistently positioned itself as a utility-focused asset, capable of handling real-time cross-border transfers and enhancing financial inclusivity. If platforms like Coinbase begin offering credit services backed by crypto holdings, XRP could be one of the primary instruments enabled by such financial experimentation.

Market data further supports this optimistic trajectory. Coinbase has experienced a near 100% rally in the last two months, driven by a surge in volume, increasing momentum, and a broader shift in investor sentiment. Weekly charts reveal steep upward candles, depicting growing investor confidence as the platform’s use case expands.

In this scenario, XRP and Ripple are well-positioned. As legal clarity around XRP improves and user adoption rises, having a regulated exchange like Coinbase offering leverage against digital assets could catapult XRP into mainstream financial use. It provides a regulatory-compliant path for asset mobilization, fundamentally altering the role of digital currencies in the broader economic framework.

If Coinbase can become the hub where crypto holders unlock home loans, access credit, and integrate into traditional financial avenues — all without liquidating their XRP or other tokens — it marks not just an expansion, but a redefinition of financial access. Coinbase wouldn’t just be another fintech player; it would be a key architect of next-generation finance, where XRP could gain its strongest foothold yet.

Related: Expert Advice: Sell XRP If You’re Confused

As the industry evolves toward institutional acceptance, the bridge between blockchain and banking gets stronger. Coinbase may well be the vehicle that drives XRP across it.