Pro-XRP Lawyer Weighs In On The Ongoing Lawsuit Ruling
Sponsored
Sponsored
Bill Morgan has weighed in on discussions regarding the XRP lawsuit while the crypto community awaits the judge’s ruling. Morgan responded to a Twitter user, Marc Fagel, who’s been debating the XRP lawsuit with John Deaton. Morgan noted that Judge Torres was clear regarding her line of judgment on the Ripple case. Notably, the main issue in the case is whether or not Ripple sold XRP as a security. Bill Morgan on Judge Torres In Bill Morgan’s opinion, Judge Torres will base her judgment on facts regardless of the SEC’s broad and undefined position. Also, Ripple argues that it did
The U.S. SEC and Ripple have jointly refiled their request for an indicative ruling, addressing the procedural shortcomings raised by Judge Analisa Torres. For context, the parties initially filed a motion for an indicative ruling to modify Judge Torres’ August 2024 final judgment in May. That judgment required Ripple to…
As Judge Torres has denied the joint motion in the XRP lawsuit, questions arise about Ripple’s handling of the ‘historic institutional sales.’ Amid speculations, lawyer Bill Morgan hinted that Ripple might cease the institutional sales of XRP, previously classified as securities in the summary judgment. Ripple Lawsuit: Permanent Injunction on…
Judge Torres rejected Ripple and the SEC’s joint motion to vacate the XRP injunction and reduce the penalty. The court said the settlement cannot override its final ruling and advised both parties to pursue an appeal if they want relief. Ripple may now be forced to continue the appeals process,…