Ripple Legal Saga: Pro-XRP Lawyer Challenges SEC Allegations, Raises Validity Concerns

• Pro-XRP lawyer Bill Morgan questions SEC’s allegations, citing lack of evidence and validity.
• SEC claims Ripple’s discounts caused $480 million in harm to investors, stirring legal tensions.
• Concerns mount over Ripple’s reputation and compliance amidst regulatory scrutiny and legal battles.

In the ongoing legal saga between Ripple and the Securities and Exchange Commission (SEC), Pro-XRP lawyer, Bill Morgan, has stepped forward to provide insights into the potential impact of the regulatory body’s recent allegations. As tensions continue to rise, Morgan’s analysis sheds light on the challenges Ripple faces through legal scrutiny.

The SEC’s brief is a possible problem for #Ripple beyond this case. The SEC is able to argue that there were two groups of institutional sales investors (its calls them favored and non-favored) and Ripple offered one group significant discounts in XRP price over the other group… pic.twitter.com/RKjg00nGxl

— bill morgan (@Belisarius2020) March 26, 2024

Morgan’s comments revolve around the SEC’s accusations aimed at Ripple, particularly concerning the crypto firm’s ‘alleged’ preferential treatment towards institutional in…

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