Legal Expert Confirms: XRP Stands Strong Amid Crypto Legal Battles
XRP clears legal hurdles, setting a solid path forward, says lawyer Bill Morgan
Bill Morgan, a legal expert, recently shed light on XRP's legal status to calm fears within the XRP community and the wider crypto market.
This comes as various court cases against crypto companies like Coinbase and Terraform Labs have created concern.
Morgan tackled several fear-inducing narratives about XRP: claims that Ripple's XRP distribution hurt its price, doubts about XRP's legality post a crucial ruling, and fears that a new stablecoin could lower XRP's demand.
He focused on clarifying that XRP is legally sound, especially after a judge's decision that should have cleared any confusion.
He refuted the idea that XRP could be considered a security due to certain sales, a concept without legal backing.
Morgan pointed out the confusion comes from mixing up different legal battles, such as those involving Coinbase and Solana, with Ripple's situation. He highlighted a judge's words on the significance of the context in crypto promotions, indicating Ripple's more conservative marketing approach as a key reason behind the judge's favorable ruling for Ripple.
Morgan emphasized that the Ripple case stands on its own merits, distinct from other SEC actions against crypto entities.
He reassured that XRP's legal standing is clear, with the SEC not challenging the judge's decision, which saw Ripple's actions in a different light compared to other cases.
In conclusion, Morgan urged the community and the broader crypto industry to recognize the uniqueness of each legal case.
He advised moving past the fear and uncertainty and focusing on the future, asserting that XRP's legal situation is well-established, unaffected by other ongoing or future legal challenges.
