In a recent analysis, legal expert Bill Morgan sheds light on Ripple's approach to its cryptocurrency, XRP, during a crucial period of regulatory scrutiny. He suggests that the company's silence was not a marketing blunder but rather a calculated legal strategy. According to the results published in the material, this strategy may have been essential for navigating the complex legal landscape.
Ripple's Strategic Silence on XRP Promotion
Morgan argues that Ripple's decision to refrain from actively promoting XRP was a deliberate move to avoid any implications of endorsing an unregistered security. This strategy was particularly important as the company navigated the complex landscape of U.S. regulations surrounding cryptocurrencies.
Impact of Inactivity on Public Perception
The period of silence spanned from 2013 until the SEC's investigation began in 2018, during which time public perception of XRP was largely shaped by its apparent inactivity. Despite ongoing developments within the company and the broader ecosystem, the lack of promotional efforts led many to view XRP as stagnant, obscuring the advancements being made behind the scenes.
Recently, insights from Pumpius highlighted the significant development phase of XRP, contrasting with Ripple's strategic silence discussed by Bill Morgan. For more details, see the full article here.
