Stephen Diamond spoke to about how a dispute between Coinbase and the SEC over crypto lending triggered an intriguing response from Ripple, another fintech company that’s been embroiled in its own legal fight with the federal regulator.

Stephen Diamond, a business law professor at Santa Clara University, said a Coinbase-Ripple alliance wouldn’t be surprising. “Crypto is relatively young but it is typical to form lobbying efforts for certain industries, especially when they know regulators are paying close attention,” he told Protocol.