Pipple’s Lawyer Denies SEC Fine Concerns, Here’s Why
Pipple’s Lawyer Denies SEC: Bill Morgan, an attorney for XRP, has recently dismissed worries surrounding the possibility of Ripple being penalized by the SEC. His views come at a time when conversations around the SEC’s recent response to Ripple’s letter regarding the Terraform Labs Consent Judgment are becoming increasingly heated. Organ underlined Ripple’s robust acquisitions and financial soundness while denying claims of impending insolvency. His was despite rumors that Ripple’s economic situation was in trouble.
XRP Lawyer Addressed Ripple Financial Issues
A possible hefty fine from the SEC has caused ripples regarding Ripple’s financial health. Someone on social media recently said that the penalties imposed by the SEC could force Ripple to file for bankruptcy. However, XRP attorney Bill Morgan denied these allegations on the Xplatformr and mentioned that Ripple’s recent acquisitions had put the company in an excellent financial position N ably Morgan contended: You believe that a corporation that has just spent hundreds of millions of dollars acquiring two large custodial companies can’t afford to pay a fine of $100 million or more?
Pipple’s lawyer Denies SEC recent acquisition of Standard Custody and May’s acquisition of Metaco are financial actions that show Ripple is in good financial health. The $250 million acquisition of Metaco by Ripple last year is noteworthy. The XRP lawyer has highlighted that these strategic acquisitions have strengthened Ripple’s market position and ability to handle digital asset custody, even if the company has faced regulatory hurdles.
Nevertheless, the ongoing dispute concerns the SEC’s reaction to Ripple’s letter regarding the Terraform Labs Consent judgment. According to the regulator, current On-Demand Liquidity (ODL) sales practices at Ripple are remarkably comparable to previous infractions.