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Home»BITCOIN NEWS»‘There’s nothing stopping Ripple from selling XRP,’ says legal expert.
BITCOIN NEWS

‘There’s nothing stopping Ripple from selling XRP,’ says legal expert.

By Crypto FlexsJanuary 19, 20243 Mins Read
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‘There’s nothing stopping Ripple from selling XRP,’ says legal expert.
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Pro-XRP Legal Bill Morgan We weighed in on the recent debate surrounding whether or not. ripple We have the right to sell XRP tokens. Quotation Judge Annalisa Torres’ rulingThe lawyer provided insight into how Ripple can make these sales without first registering these tokens. Securities and Exchange Commission (secretary).

Ripple has the right to sell its XRP holdings.

Morgan stated on X (formerly Twitter): post “There is nothing stopping Ripple from selling XRP tokens.” He highlighted how anyone, including cryptocurrency companies, can sell assets they own. However, he believes the question is not whether Ripple can sell. this token But the way they have to go about it.

According to him, if Ripple sells XRP programmatically as it has done in the past, there is no need to register these sales with the SEC. This position is supported by Judge Torres. already ruled Programmatic sales of XRP do not constitute an investment contract. According to the court ruling, secretary These sales only come into the picture if they are aimed at institutional investors.

Morgan’s comments come after a debate over whether Ripple has the right to sell XRP tokens. 1 X user (dark horse) High Here are the key points the SEC is seeking to ban Ripple from selling its XRP holdings: part of the penalty For institutional sales of the company. Then Morgan famous The SEC’s injunction could only prevent Ripple from conducting institutional sales.

Another X user (Kashta) High Important points on whether to sell Ripple or not ODL Customer This may apply to institutional sales. The user also supported Morgan’s claim that the SEC’s injunction only applies to institutional sales of Ripple.

Token price could see quick jump | Source: XRPUSD on Tradingview.com

How Coinbase’s Case Could Affect the SEC’s Case Against Ripple

Pro-XRP legal expert John Deaton on several occasions highlighted How to make a motion to dismiss from Coinbase The SEC’s Case Opposing this could quickly lead to an agreement between the Commission and Ripple. The court recently sat down to hear Coinbase’s application, and although a ruling has not yet been issued, Judge Failla considered: make some points It is advantageous for cryptocurrency exchanges.

all Key highlights It was just as the judge mentioned. Cryptocurrency proponent Senator Cynthia Lummis An opinion on how securities laws that have been in effect for 90 years cannot be applied to the cryptocurrency world. Interestingly, Lummis was one of those who asked Judge Failla to dismiss the SEC’s lawsuit against Coinbase.

Deaton believes that if Judge Failla grants the motion, the SEC “will have to shift its anti-cryptocurrency agenda and then come to a possible agreement with Ripple.”

Featured images of interesting facts, Charts from Tradingview.com

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