Coin

<ul class="news-points"> 
 <li><strong>Matt Hamilton from Protocol Labs tweeted that Ripple may not be able to fund XRPLF legally.</strong></li> 
 <li><strong>According to the post, Ripple donating funds to XRPLF may be seen as influencing the market by the SEC.</strong></li> 
</ul> 
<p>The principal developer advocate at Protocol Labs Matt Hamilton expressed in a tweet yesterday that Ripple is in a “tough situation” when trying to fund XRPLF given the <a href="https://coinedition.com/tag/sec/">SEC case</a>. According to Hamilton, Ripple giving too much funding may be seen as the company influencing the market by the SEC.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I think Ripple are in a tough situation as no matter what they do, there could be problems. If they fund too much then that could be seen as influencing the market and probably not good with the SEC case.</p>— Matt Hamilton (@HammerToe) <a href="https://twitter.com/HammerToe/status/1677092243251838976?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 6, 2023</a>
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<p>He added that XRPLF was meant to bootstrap itself to an elected board of directors and the initial team was meant to step down. However, Hamilton noted that this never happened. Furthermore, he doesn’t believe that the team published any financial reports or updates relating to their proposed plan.</p> 
<p>As a result, Hamilton concluded that Ripple will not even be able to donate funds to XRPLF without drawing XRPLF into the SEC lawsui…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/ripple-may-not-be-able-to-fund-xrplf-legally-developer/">Ripple May Not Be Able to Fund XRPLF Legally: Developer</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Ripple May Not Be Able to Fund XRPLF Legally: Developer

Coin Edition

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