- Crypto lawyer Bill Morgan recently shared his take on the recent summary judgment motion in SEC vs Ripple.
- Morgan stated that the summary judgment would hold up even if the SEC appealed it in the second circuit court.
- The lawyer believes that even a successful appeal by the SEC wouldn’t change the inherent non-security status of XRP.
Bill Morgan, a lawyer popular among crypto circles online, believes that the recent summary judgment motion in the Securities and Exchange Commission’s lawsuit against Ripple will benefit XRP holders as Ripple navigates the rest of this legal battle. Morgan is confident that the judgment will hold up even if the SEC chooses to appeal.
Bill Morgan took to Twitter earlier today to break down the potential moves that may follow the recent summary judgment by New York federal judge Analisa Torres. The ruling came more than two years after Ripple was sued by the securities regulator for illegally raising $1.3 billion through unregistered securities offering.
Judge Torres ruled that the retail or programmatic sales of XRP could not be categorized as an investment contract and therefore did not constitute a securities offering. S…
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The post Crypto Lawyer Shares His Take on SEC v Ripple Summary Judgment appeared first on Coin Edition.