Bill Morgan Defends Ripple’s XRP Escrow as Key to Its Market Price Stability
Main Idea
Lawyer Bill Morgan defends Ripple's XRP escrow system, arguing it supports price stability and market predictability, with evidence from the SEC lawsuit backing its pro-market purpose.
Key Points
1. Bill Morgan references Ripple CEO Brad Garlinghouse's 2017 explanation that the XRP escrow system benefits supply support and market stability.
2. The monthly release of 1 billion XRP from escrow is described as a predictable event that has not disrupted the market.
3. SEC lawsuit evidence contradicts claims that the escrow suppresses XRP's price, instead supporting its role in maintaining healthy markets.
4. Unused XRP tokens from monthly releases are returned to escrow, ensuring a structured and predictable supply mechanism.
5. CrediBULL Crypto notes that XRP has maintained its market position despite years of regular escrow releases, indicating stability.
Description
Lawyer Bill Morgan says XRP escrow supports price stability, not suppression. Ripple’s 1B monthly XRP release has been a predictable “non-event” for years. The SEC lawsuit evidence backs escrow as a pro-market, not anti-market, tool. Lawyer Bill Morgan has defended Ripple’s XRP escrow system by referencing CEO Brad Garlinghouse’s August 2017 explanation of its benefits for supply predictability and market trust. Morgan’s comments address ongoing criticism about monthly escrow releases. He stress...
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