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