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

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