Crypto lawyer debunks the SEC’s RLUSD unregistered status allegation.
Ripple is set to launch the RLUSD on multiple exchanges on Tuesday.
RLUSD’s launch triggers bullish sentiment in XRP’s price.
Crypto lawyer Bill Morgan has said the SEC’s claim of an infraction by Ripple for issuing the RLUSD stablecoin is incorrect. According to Morgan, Ripple disregarded the statement and worked around it to achieve its goal. He noted that neither the market nor anybody else cares about the SEC’s allegation because RLUSD is now regulated.
That is correct, but like a lot of statements made by the SEC about crypto it is incorrect. Obviously, Ripple does not care about the statement. If it was meant to be a warning or a threat it has been disregarded or worked around and quite frankly neither the market nor anybody… https://t.co/7FabxZvAzr
— bill morgan (@Belisarius2020) December 17, 2024
Morgan made the statement on X while replying to a user who asked about the implication of the SEC’s stand despite the NYDFS approval. The user pointed to the SEC’s statement from last April, which called RLUSD an unregistered crypto asset. Morgan said Ripple is moving ahe…
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