{"id":6698,"date":"2023-05-23T16:36:50","date_gmt":"2023-05-23T16:36:50","guid":{"rendered":"https:\/\/www.bitrabo.com\/community\/sec-vs-ripple-attorney-asserts-xrps-non-security-status\/"},"modified":"2023-05-23T16:38:01","modified_gmt":"2023-05-23T16:38:01","slug":"sec-vs-ripple-attorney-asserts-xrps-non-security-status","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/sec-vs-ripple-attorney-asserts-xrps-non-security-status\/","title":{"rendered":"SEC vs Ripple: XRP is Not a Security, Says Attorney"},"content":{"rendered":"\n<div>\n<p>Australian attorney Bill Morgan recently shared his thoughts on Ripple\u2019s XRP token on Twitter in regards to ongoing discussions regarding the Ripple vs SEC lawsuit. Morgan believes that XRP cannot be considered a security.<\/p>\n<h2>The Judge\u2019s Ruling is Important<\/h2>\n<p>Morgan explained that the ruling of US District Court Judge Analisa Torres is crucial to the case. If the judge decides that Ripple\u2019s sales of XRP to On-Demand Liquidity customers are not investment contracts and have no profit indication, then XRP should not be categorized as a security.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Digital_Assets_Can_Re-Transition_to_Non-Security_Status\"><\/span>Digital Assets Can Re-Transition to Non-Security Status<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Morgan also pointed out that digital assets could move from being securities to not being securities again. He mentioned that four major factors could lead to such transitions: economic reality, technology, the law, and the asset\u2019s legal classification in other jurisdictions.<\/p>\n<p>Furthermore, Morgan maintained that if the judge finds that XRP sales to On-Demand Liquidity customers are not investment contracts, XRP is not a security. Attorney Bill Morgan thinks that Ripple has a good chance of winning the case despite the allegations of SEC\u2019s violation of securities laws.<\/p>\n<figure id=\"attachment_234350\" aria-describedby=\"caption-attachment-234350\" style=\"width: 980px\" class=\"wp-caption alignnone\"><figcaption id=\"caption-attachment-234350\" class=\"wp-caption-text\">XRP trades sideways on the chart l <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/2FYmgjuM\/\">XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<p>The judge\u2019s ruling will be closely watched by the cryptocurrency industry as it could set a precedent for future SEC cases. <\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian attorney Bill Morgan recently shared his thoughts on Ripple\u2019s XRP token on Twitter in regards to ongoing discussions regarding the Ripple vs SEC lawsuit. Morgan believes that XRP cannot be considered a security. The Judge\u2019s Ruling is Important Morgan explained that the ruling of US District Court Judge Analisa Torres is crucial to the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6478,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"SEC vs Ripple: XRP is Not a Security, Says Attorney - Bitrabo","description":"Australian attorney Bill Morgan recently shared his thoughts on Ripple's XRP token on Twitter in regards to ongoing discussions regarding the Ripple vs SEC laws"},"footnotes":""},"categories":[316],"tags":[816,815,818,575,520,819,817],"class_list":["post-6698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-asserts","tag-attorney","tag-nonsecurity","tag-ripple","tag-sec","tag-status","tag-xrps"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/6698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=6698"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/6698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/6478"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=6698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=6698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=6698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}