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Lawyer Debunks XRP ODL Sales FUD Amid Ripple’s SEC Reply Filing
The post Lawyer Debunks XRP ODL Sales FUD Amid Ripple’s SEC Reply Filing appeared on BitcoinEthereumNews.com. Ripple Vs SEC: The recent comments from the pro-XRP lawyer Bill Morgan have sparked discussions in the crypto market. Notably, Ripple has recently submitted a reply letter supporting its Motion to Seal documents related to the SEC’s Motion for Judgment and Remedies. Meanwhile, this filing has sparked significant discussion, especially among the XRP community. Triggering the discussions, pro-XRP lawyer Bill Morgan addressed the FUD (Fear, Uncertainty, and Doubt) surrounding XRP ODL sales in a recent post, reinforcing Ripple’s stance in the ongoing lawsuit. Pro-XRP Lawyer Debunks FUD On Ripple’s XRP ODL Sales On May 29, Ripple’s legal team submitted a response to Judge Analisa Torres, aiming to counter the SEC’s arguments in its motion for judgment. Ripple’s reply highlighted that the SEC’s arguments about the firm’s financial condition were irrelevant to the court’s determination of remedies. In addition, the firm emphasized that its financial situation should not be a factor in the court’s analysis, noting that the company has never disputed its ability to pay any potential penalty. Meanwhile, amid this, pro-XRP lawyer Bill Morgan took to social media to debunk the FUD surrounding Ripple’s XRP sales to ODL customers. He pointed out that Ripple does not offer price discounts to ODL customers. Notably, Morgan emphasized the update as a crucial factor that the court found relevant in deciding whether over-the-counter contracts were investment contracts. In addition, Morgan argued that this fact debunks claims that Ripple’s sales to ODL customers negatively impact XRP’s price. Besides, Morgan highlighted that the notion of Ripple dumping on retail investors is baseless, as ODL sales have a neutral effect on XRP’s price. He expressed frustration at the persistence of such misinformation, reiterating that he has previously provided numerous reasons why these claims are unfounded. Also Read: This Cohort Accumulated 154,560 Bitcoins In Five Months,…
The post Lawyer Debunks XRP ODL Sales FUD Amid Ripple’s SEC Reply Filing appeared on BitcoinEthereumNews.com.
Ripple Vs SEC: The recent comments from the pro-XRP lawyer Bill Morgan have sparked discussions in the crypto market. Notably, Ripple has recently submitted a reply letter supporting its Motion to Seal documents related to the SEC’s Motion for Judgment and Remedies. Meanwhile, this filing has sparked significant discussion, especially among the XRP community. Triggering the discussions, pro-XRP lawyer Bill Morgan addressed the FUD (Fear, Uncertainty, and Doubt) surrounding XRP ODL sales in a recent post, reinforcing Ripple’s stance in the ongoing lawsuit. Pro-XRP Lawyer Debunks FUD On Ripple’s XRP ODL Sales On May 29, Ripple’s legal team submitted a response to Judge Analisa Torres, aiming to counter the SEC’s arguments in its motion for judgment. Ripple’s reply highlighted that the SEC’s arguments about the firm’s financial condition were irrelevant to the court’s determination of remedies. In addition, the firm emphasized that its financial situation should not be a factor in the court’s analysis, noting that the company has never disputed its ability to pay any potential penalty. Meanwhile, amid this, pro-XRP lawyer Bill Morgan took to social media to debunk the FUD surrounding Ripple’s XRP sales to ODL customers. He pointed out that Ripple does not offer price discounts to ODL customers. Notably, Morgan emphasized the update as a crucial factor that the court found relevant in deciding whether over-the-counter contracts were investment contracts. In addition, Morgan argued that this fact debunks claims that Ripple’s sales to ODL customers negatively impact XRP’s price. Besides, Morgan highlighted that the notion of Ripple dumping on retail investors is baseless, as ODL sales have a neutral effect on XRP’s price. He expressed frustration at the persistence of such misinformation, reiterating that he has previously provided numerous reasons why these claims are unfounded. Also Read: This Cohort Accumulated 154,560 Bitcoins In Five Months,…
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