Coin

<ul class="news-points"> 
 <li><strong>The SEC’s need to mention XRP’s inherent value in its motion is controversial, according to lawyer Bill Morgan.</strong></li> 
 <li><strong>This SEC attempt is seen as a pushback against the idea that crypto is a commodity.</strong></li> 
 <li><strong>In its case against Ripple, the SEC is attempting to bend the Howey Test, as Bill Morgan stated.</strong></li> 
</ul> 
<p>In the ongoing case between the U.S. <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission (SEC)</a> and Ripple Labs, the SEC’s view of Ripple’s XRP is considered negative and reactionary, according to Bill Morgan. The lawyer and digital asset enthusiast stated his opinion on the SEC’s view.</p> 
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   <p lang="en" dir="ltr">The SEC’s view of XRP is incredibly negative and reactionary. It either fails or refuses to understand XRP or is belligerently and deliberately acting to stymie Ripple’s attempt to build a use case for on demand liquidity because some interest wants this use held up. /1</p>— bill morgan (@Belisarius2020) <a href="https://twitter.com/Belisarius2020/status/1695798726412087349?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 27, 2023</a>
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<p>Morgan stated that the SEC recently shared that they are not seeking an appellate review of the court’s finding that XRP is not itself a security and is “nothing but computer code with no inherent value.”</p> 
<p>The need to mention XRP’s inherent value in the SEC’s motio…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/sec-stymies-xrps-attempt-to-build-use-case-for-on-demand-liquidity/">SEC Stymies XRP’s Attempt to Build Use Case for on Demand Liquidity</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

SEC Stymies XRP’s Attempt to Build Use Case for on Demand Liquidity

Coin Edition

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