The post Ripple vs SEC : Bill Morgan Clarifies SEC’s Position on XRP Sales appeared first on Coinpedia Fintech News
The debate around XRP and whether its sales count as securities just took a sharp turn, thanks to insights from renowned lawyer and crypto enthusiast Bill Morgan. Recently, Morgan went on Twitter to shed more light on the matter. His point? There’s a lot of confusion out there, and he’s here to sort it out.
It all started when Morgan heard that SEC former director John Reed Stark said that the judge overseeing the Coinbase-SEC case has completely disagreed with Judge Torres’ ruling that secondary sales of XRP can’t be investment contracts or unregistered securities.
I anticipated that argument. I acknowledge it’s a good point. I respectfully largely disagree. Judge Torres stated the issue of secondary sales was not properly before the court./1 https://t.co/L4GBsLmYMR pic.twitter.com/VT8ckk3zBg
— bill morgan (@Belisarius2020) March 30, 2024
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