Ripple (XRP) vs SEC Case: Legal Expert Refutes This Viral Claim
Main Idea
Legal expert Bill Morgan refutes claims that Ripple's prolonged lawsuit with the SEC is a coordinated setup, attributing delays to weak legal motions rather than conspiracy.
Key Points
1. Bill Morgan, a prominent attorney, dismisses theories that the Ripple-SEC lawsuit is a performance, calling recent motions from both sides 'weak' and delaying closure.
2. Ripple proposed a reduced $50 million civil penalty in March, but Judge Analisa Torres rejected joint motions due to procedural issues, prolonging the case.
3. Morgan criticizes the legal missteps causing delays but rejects claims of manipulation, emphasizing there's no evidence of a coordinated setup.
4. The case remains unresolved, with the final step—a formal SEC withdrawal and court filing—still pending, extending the timeline beyond expectations.
Description
The belief that Ripple’s legal battle with the SEC is more performance than prosecution continues to circulate in the crypto community. Some argue that the ongoing case serves a strategic purpose to control XRP’s price while Ripple quietly seals key international partnerships. However, not everyone agrees. Prominent attorney and XRP supporter Bill Morgan recently pushed back on this narrative, even as he criticized the slow pace of the court process. While many have grown frustrated by the lawsu...
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