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Prominent digital asset enthusiast and lawyer, Bill Morgan, recently shared his views on the ongoing Ripple case, bringing a fresh perspective to the debate.

The only thing he lacks in this debate given he knows more about securities law than nearly anyone else in the XRP community is the intimate case specific knowledge of following the case daily. The only small qualified concessions to the narrative of the XRP community /1 https://t.co/UJtECZ6JQ9

— bill morgan (@Belisarius2020) June 5, 2023

A Fresh Legal Perspective on Ripple Lawsuit

While Morgan acknowledged the deep knowledge of the XRP community about securities law, he stressed that they lack the specific knowledge that comes with daily follow-up of the case. But what specific points did Morgan highlight that could affect the case’s narrative?

Potential Exclusions and Considerations

Morgan made a few concessions that could be integral to understanding the proceedings. For one, he suggests that sales by Ripple to On-Demand Liquidity (ODL) customers, which aren’t majorly covered in the SEC’s complaint, might not constitute investment contracts. In this case, it could possibly exempt Ripple from some charges.

Will the Secondary Market Influence the Case?

Further, Morgan speculates that if Judge Torres evaluates secondary market sales, she might need to consider whether XRP itself in secondary markets is security. While it’s a complex point, its implications could drastically affect the case’s outcome.

SEC’s Upper Hand?

Despite the various arguments in favor of Ripple, Morgan expressed his confidence in the SEC’s potential victory based on his extensive experience litigating both for and against the agency. How this prediction aligns with the final verdict, however, remains to be seen. 

The Ripple community is undoubtedly taking Morgan’s views seriously as they continue to watch the case unfold.

Also Read – Ripple Vs SEC Lawsuit: Pro-XRP Lawyer Tips 25% Chance for Ripple Victory

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Filed under: Bitcoin - @ June 5, 2023 10:21 am