Bill Morgan supports the SEC’s claims against Ripple.
According to Morgan, the regulator’s allegations acknowledge that investors may be relying on Ripple’s legal efforts to make a profit, rather than Ripple’s business efforts.
This suggests that the outcome of Ripple’s legal battle against the SEC carries considerable weight when it comes to the value of XRP. As such, it highlights the important role litigation plays in shaping the future of cryptocurrencies and their investors.
“Ironically, the SEC may be right about investors relying on Ripple’s efforts, but not for Ripple’s business efforts or the sale of XRP, but if the SEC litigation succeeds. , for legal efforts to defeat the SEC lawsuit.” Said Specification.
morgans statement Investors relying on Ripple’s clout to increase the value of XRP have stressed that it has little to do with the efforts the judges in the historic Howey case had in mind.
Expert opinion on legal battles
The U.S. Securities and Exchange Commission lawsuit against Ripple has prompted many supporters of the XRP token to comment on the third and fourth prongs of the Howie test.
This legal framework determines whether an asset constitutes an investment contract, and the SEC called it out to argue that XRP should be considered an unregistered security.
As the legal battle between Ripple and the SEC continues, pro-XRP lawyers such as Bill Morgan, John Deaton and Jeremy Hogan Raised Question the SEC’s allegations.
Specifically, these attorneys question the agency’s reliance on the Howey test to claim that XRP is an investment contract.
John Deaton suggests that Judge Torres may view Ripple’s actions as an offering.deaton is his Skepticism Regarding Ripple’s counter-argument, there was no underlying contract to qualify the move as an investment deal.
According to Deaton, the argument could pass in the Second Circuit and the Supreme Court, but Judge Torres may not be persuaded by it.
Deaton predicts verdict date in Ripple vs. SEC legal battle
With the crypto community awaiting summary judgment in the Ripple v. SEC case, John Deaton also provided insight into a potential judgment date.
inside interview Deaton, who, along with Thinking Crypto, represents thousands of XRP holders in the lawsuit, expects Judge Torres to make a ruling by May 6.
Deaton bases her projections on Judge Torres’ past sentencing timeline, noting that she typically grants summary judgment within two months of deciding on Daubert’s motion. increase. XRP holders and the wider cryptocurrency community will be watching Judge Torres’ decision closely as the case progresses.
Deaton added that summary judgment in Ripple v. SEC could be granted at any time, and judgment could be stayed until after June 1.