Ripple is attempting to acquire stablecoin issuer Circle for at least $5 billion, aiming to secure a position in the global stablecoin market.
If Coinbase were to make an offer, Circle would reportedly sell to them quickly due to their history together.
Legal expert Gabriel Shapiro has warned that Ripple's potential takeover could have negative consequences for the crypto market, citing antitrust concerns and Ripple's past actions against competitors.
Regulators may scrutinize the deal for antitrust issues, potentially leading to legal challenges if the acquisition proceeds.