Pro-Crypto lawyer Bill Morgan, reacts to Court’s orders, requesting a $125 million payment from Ripple.
The lawyer explains that a settlement can be reached if the SEC makes way for necessary appeal.
The SEC, in an informal appeal, says it will challenge the Supreme Court’s recent decision.
Pro-crypto lawyer Bill Morgan asserted that Ripple received a fair hearing, despite the Supreme Court ordering Ripple to pay $125 million. The US Securities and Exchange Commission filed the lawsuit way back in 2020, alleging that Ripple sold XRP tokens as unregistered securities.
The SEC and Ripple can and always could have settled the lawsuit at any time. They are too far apart and the SEC hates crypto so it hasn’t and won’t happen. https://t.co/cCHg8tOP70
— bill morgan (@Belisarius2020) October 5, 2024
The SEC’s contention was that Ripple made over $1 billion in profit from its unregistered XRP token sale thereby demanding over $2 billion in penalties. Ripple, in turn, insisted on paying a maximum of $10 million.
U.S. District Judge Analisa Torres rejected the SEC’s demand that Ripple transfer its profits to the regulator. The SEC expressed its disa…
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