Bill Morgan, a Pro-XRP lawyer, has shed light on a potential obstacle looming over Ripple amid its legal tussle with the SEC. In a recent statement, Morgan expressed reservations about the SEC’s stance, suggesting it could spell trouble for Ripple’s future.
Next Step In Ripple Vs SEC Case
Morgan pointed to the SEC’s allegations directed toward Ripple’s selective discounts to institutional investors that could have harmed those who did not receive them. Amid the Ripple vs SEC case, the latest brief by the regulatory agency this harm amounted to a significant $480 million. Hence, Morgan cautioned that this move could pose a “problem” for Ripple in the upcoming proceedings.
On the contrary, the lawyer asserted that the assumptions behind this figure require thorough scrutiny. “The evidence of causation of this alleged harm seems thin,” Morgan stated, underscoring the need for a closer examination of the SEC’s assertions. Moreover, the SEC argued that these discounted sal
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