Crypto News

Pro-XRP Lawyer Exposes What the SEC ‘Didn’t Say’ About Ripple’s Boldest Claim


Pro-Ribple attorney Bill Morgan, who has been a positive voice about XRP for years, posted a viral tweet a few hours ago; He was not kind to Sec.

In his tweet, Morgan taught something important about Ripple's XRP ledger. Ripple has always said that their system can regulate payments to the boundaries “in seconds, not day.” This is one of their main sales points.

Morgan noted that throughout the lawsuit, the SEC never said that this claim was false. They have many opportunities to call Ripple if this is not true. They may have mentioned this in their initial complaint. They can ask this in their investigation. They can bring it to the negotiations. But they didn't.

The image that Morgan shared in his tweet showed a ripple promotional card. It clearly states that “Cross-border payment settlement in seconds, not day.” The card is also listed by other benefits: faster payments, new market opportunities, real-time monitoring, and non-stop services.

Morgan believes this silence from the SEC really proves something. If Ripple lied about how fast their system was, the SEC jumped into it. The fact that they do not suggest Ripple is telling the truth.

What does this mean after the regulating

This point is important even now that Ripple and the SEC have reached a registry. Under their agreement, Ripple only pays $ 50 million in fine, less than $ 125 million that the SEC wants at first. They also earned $ 75 million from their Escrow account.

Both sides dropped their appeals. The SEC is expected to seek permission to ask for institutions Buy and sell XRP again. This is a big win for Ripple.

Refreshing means that the SEC will not go after the ripple about how they sold the XRP or what they claim to do. Morgan usually says: If the SEC has evidence that Ripple is lying about the speed of the transaction, they cannot fix these words.

This outcome helps I -Clear the doubts about XRP. Financial banks and companies may be safer in using it today. The legal cloud hanging on the main XRP operating is elevated.

For people who support XRP, Morgan's observation supports what they believe in everyone – that Ripple's system is really able to do what the company says it can do.

Also Read: Can the price of XRP $ 3.00 be hit before Bitcoin breaks $ 100k?

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