XRP Community Slams SEC’s $1.95 Billion Demand as Abuse of Power in Legal Battle with Ripple

San Francisco, CA – Ripple Labs, a blockchain payments company, is facing a new challenge in its ongoing legal battle with the United States Securities and Exchange Commission (SEC). XRP enthusiasts are criticizing the commission’s recent request for remedies, calling it an abuse of power. The SEC filed its remedy request against Ripple on March 22, seeking a staggering $1.95 billion in fines and penalties. This demand stems from Ripple’s alleged unregistered securities offering through XRP institutional sales. Interestingly, the requested fine exceeds the amount Ripple gained from the securities violation. The company raised $728.9 … Read more

Prominent XRP Lawyer Exposes SEC’s Bias in Ongoing Ripple Lawsuit

San Francisco, CA – The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken a new turn as a prominent XRP lawyer criticizes the SEC’s handling of the case. In a scathing social media post, Bill Morgan, a lawyer specializing in XRP, accused the SEC of unfair treatment and an abuse of power, sparking discussions among crypto market enthusiasts. Morgan raised serious concerns regarding the SEC’s approach to the Ripple lawsuit, suggesting bias against the company. The regulatory body’s ongoing legal battle against Ripple has been a topic of … Read more

Pro-XRP Advocate Raises Concerns Over SEC’s Integrity Amid Cryptocurrency Investigation

New York, NY – An ongoing investigation into cryptocurrency-related conflicts of interest within the Securities and Exchange Commission (SEC) has raised concerns about the agency’s integrity. Pro-XRP lawyer Bill Morgan voiced skepticism about the SEC’s handling of internal probes, reflecting broader worries within the crypto community. The inquiry has sparked discussions about accountability and potential whitewashing, with stakeholders eagerly awaiting the outcome. Morgan’s doubts center around the SEC’s treatment of XRP and other cryptocurrencies and raise questions about former senior SEC official William Hinman. Hinman’s actions, particularly his 2018 speech declaring Ether not a security, … Read more

Major Legal Precedent Sets Stage for SEC’s Lawsuits Against Coinbase and Ripple

New York, NY – A recent legal precedent from the Second Circuit could have significant implications for the ongoing legal battles between the Securities and Exchange Commission (SEC) and cryptocurrency platforms Coinbase and Ripple. Attorney John Deaton shed light on this important case, which has caught the attention of Coinbase’s Chief Legal Officer (CLO) Paul Grewal and pro-XRP lawyer Deaton himself. The case in question is Revak v. SEC Realty, a decision made by the Second Circuit in 1994. Grewal expressed his admiration for this precedent in a recent tweet, emphasizing a key aspect of … Read more