ODL

Ripple’s ODL Services Continue Smoothly, Fully Align with Legal Standards, Confirms Company Attorney

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San Francisco, CA — In a recent legal development, Ripple’s ongoing operations, notably its On-Demand Liquidity (ODL) service, remain unaffected by new regulatory judgments, according to a company attorney. The lawyer confirmed that Ripple’s services are fully compliant with current laws, assuaging concerns among cryptocurrency enthusiasts and investors about the potential impact of regulatory scrutiny on Ripple’s business. The ODL, which uses the XRP cryptocurrency to facilitate real-time cross-border payment settlement, has been under the microscope following regulatory inquiries into various aspects of the cryptocurrency sphere. Despite these challenges, Ripple has managed to operate within … Read more

Attorney Confirms: Ripple ODL Customers Can Still Use Payment Solution Despite SEC Victory

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New York, NY – In a recent development, the Securities and Exchange Commission (SEC) has obtained a victory against Ripple, potentially leading to an injunction. However, Attorney Bill Morgan argues that such a ruling would not be able to restrict the usage of the On-Demand Liquidity (ODL) solution by its customers. Magistrate Sarah Netburn has granted the SEC’s motion to compel, sparking discussions among legal experts about the possibility of implementing an injunction to restrain ODL customers. The SEC had requested Ripple’s financial records pertaining to institutional sales of XRP to assess the necessity of … Read more