The conclusion of the legal battle between Ripple and the SEC has reignited speculation surrounding 1,700 non-disclosure agreements (NDAs) associated with the firm. However, lawyer Bill Morgan doubts the validity of these assumptions.
Lawyer Bill Morgan Dismisses NDA Speculation
In response to a post suggesting one of the NDAs might be disclosed, Morgan firmly rejected the idea. He stressed that it would be illogical to assume that NDAs drafted before the lawsuit began could be structured to expire only with the conclusion of a lawsuit that hadn’t even started at the time. Morgan called the theory "nonsense," pointing out that such an assumption ignores how NDAs are typically crafted.
Ripple's Independence and Partner Protection
According to Morgan, the NDAs serve not only to protect Ripple but also to safeguard the institutions, banks, and companies that it collaborates with. Violating an NDA could result in serious legal and financial repercussions, making public disclosure off-limits. While Ripple is now free from SEC restrictions, it still faces limitations in publicly discussing many of its deals.
Factors Behind NDA Speculation
The renewed speculation was triggered by a post on social media suggesting it was "time to announce" one of the NDAs now that the legal battle has concluded. Many XRP supporters have long speculated that these agreements could conceal significant news, ranging from high-profile banking partnerships to undisclosed technological developments. An X user clarified that the "1,700 NDAs" are not all strictly NDAs. They fall into four main categories: direct XRP transfer deals, trading agreements, service payments, and a range of other contracts.
The speculation over the possibility of disclosing Ripple's NDAs overlooks legal realities. NDAs remain an essential tool for both Ripple and its partners.
