News View Non-AMP

Ripple’s Defender Bill Morgan Takes on SEC, Explains ODL Transactions

Published by
Mustafa Mulla

The Ripple vs. SEC legal showdown is getting more interesting, as pro-XRP lawyer Bill Morgan steps into the ring as a key defender, aiming to demystify the intricacies surrounding Ripple’s On-Demand Liquidity (ODL) transactions. Meanwhile, he has engaged in debate arguing that ODL) transactions are not the same as investment contracts. 

Bill Morgan About ODL Transactions

In a recent discussion on the X platform, Bill Morgan, a vocal proponent of XRP, emphasized that Ripple’s ODL transactions should not be considered investment contracts. He clarified that ODL customers are not investors but individuals seeking cost-effective money transfers through the acquisition of XRP. 

Morgan highlighted the crucial difference between investment motives and transactional utility, aligning this perspective with Ripple’s stance. Notably, he contested Judge Torres’ ruling on institutional sales, asserting its inapplicability to ODL transactions.

Morgan further simplifies the narrative, highlighting the difference between buying XRP for practical reasons, like sending money and investing. Meanwhile, he disagrees with a recent ruling on institutional sales, asserting its inapplicability to ODL transactions.

With the legal spotlight now zooming on Ripple’s ODL sales, the SEC’s motion to compel Ripple to disclose financial details and post-complaint contracts takes center stage. The U.S. District Court for the Southern District of New York’s court gave the green light for this investigation, showing a closer look at Ripple’s money matters.

Magistrate Court Judge Sarah Netburn is asking Ripple to share financial records from 2022 to 2023. The court also agreed to the SEC’s request for details about contracts after the complaint and info about the money made from these sales.

What’s Next for Ripple’s Defense?

As Ripple gears up for the next legal phase, Bill Morgan’s insights give us a peek into Ripple’s strategy to defend itself. This legal drama not only affects Ripple but could change how all digital assets are treated in the future.

The outcome could set important rules for how digital assets are seen and regulated, not just in the U.S. but around the world.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

XRP Price Hits $21K on Live TV: A Price Glitch Goes Viral

A live TV glitch on the “American Sunrise Early Edition” show caused XRP’s price to…

March 29, 2025

Pi Network Price Drops: Will a Pi Coin Burn Reverse the Trend?

Pi Network's price has been falling, largely due to upcoming token unlocks. Over 1.6 billion…

March 29, 2025

Ethereum Price Drops 20% – Could ETH Crash to $1,000 Next?

In the last 30 days, the Ethereum market has experienced a decline of nearly 20.4%.…

March 29, 2025

From Pennies to Over a Dollar, Why This $0.025 DeFi Token Has Traders Targeting a 58x Return

In crypto, timing matters just as much as the asset. Many traders are now looking…

March 29, 2025

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…

March 29, 2025

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

Story Highlights The live price of the Cardano token is . ADA coin price could…

March 29, 2025