In a series of analytical Tweets, crypto lawyer Bill Morgan presented his views, facts and evidence pertaining to Ripple’s SEC case, observing that people expect a decision soon on the case. The commercial litigation specialist explained why the real-time gross settlement system Ripple’s native XRP token’s sales to the ODL (On-Demand Liquidity) customers are not investment contracts. Morgan denied XRP sales to ODL customers would qualify as investment contracts, and that comprehending its sales type is crucial.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d902ba3474bc4d12a97a0782aa974866.png" />In Ripple’s On-Demand Liquidity (ODL) feature, XRP could be used by customers to bridge two currencies in mere seconds. As <a href="https://twitter.com/Belisarius2020/status/1674272871454216192" rel="noopener noreferrer nofollow">per</a> Morgan, Ripple XRP’s sales to ODL customers is not an act of investment or investment intent by ODL customers, nor are there any profit expectations kept by XRP holding customers, as they use it as a consumption.Morgan <a href="https://twitter.com/Belisarius2020/status/1674272959249412101" rel="noopener noreferrer nofollow">stressed</a> on how programmatic sales and the sales to the ODL customers are significantly distinct, fuelling inferences that the XRP community would prefer to omit. Ripple’s responses <a href="https://twitter.com/Belisarius2020/status/1674272969630285825" rel="noopener noreferrer nofollow">submitted</a> to the Securities and Exchange Commission’s (SEC) Rule 56.1 statement also signal that the securities regulator does not dispute that ODL transactions could initiate “in as little as 3 seconds,” and hence do not qualify as investments.Read full article at <a href="https://cryptotale.org/crypto-lawyer-explains-ripple-sales-to-odl-customers-vs-programmatic-sales/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Crypto Lawyer Explains Ripple Sales to ODL Customers vs. Programmatic Sales

CryptoTale

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