Bill Morgan, a well-known lawyer in crypto circles online, shared his beliefs that the Securities and Exchange Commission (SEC) would face a significant hurdle in its controversial lawsuit against Ripple when it comes to Ripple’s XRP sales to its On-Demand Liquidity (ODL) customers.Morgan recently published a lengthy Twitter thread laying out his thoughts on the matter:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/a9adc3bca8c94812895ee61ce81d3a9f.png" />According to Bill Morgan, the SEC’s long-standing argument that all the XRP that exist in the market represent Ripple’s investment contracts would be opposed by what the Commission previously described as the “small subset” of sales to Ripple’s ODL clients. The problem for the securities regulator arises from the inability to apply the infamous Howey test to said ODL sales.Read full article at<a href="https://cryptotale.org/crypto-lawyer-highlights-secs-dilemma-over-xrp-sales-to-ripples-odl-clients/" rel="noopener noreferrer nofollow"> CryptoTale</a>.

Crypto Lawyer Highlights SEC’s Dilemma Over XRP Sales To Ripple’s ODL Clients

CryptoTale

Other articles published on May 23, 2023

Best Litecoin Casinos in 2023

Bitcoin Oracle AI review: comparison with competitors like Biticodes and Bitcoin 360 AI

Bitcoin Pizza Day: 5 Things You Do Not Know About Bitcoin Pizza

French regulators welcome leading crypto exchange OKX

FTX unveils FTX 2.0 strategy, FTT token surges 17%

How to start trading on the GMX exchange

Join our free newsletter for daily crypto updates!