The Ripple vs. SEC case continues to attract public interest, and recent comments from prominent legal expert Bill Morgan shed light on the situation.
Reasons for Delay: Ripple or SEC?
The delay in finalizing the case between Ripple and the SEC is not caused by the SEC’s actions, as many in the XRP community have believed. According to legal expert Bill Morgan, the holdup is due to Ripple itself, which seeks to have the injunction lifted.
Ripple's Strategy in Seeking Resolution
Ripple is seeking to have the injunction lifted, which restricts the use of XRP in institutional transactions. Obtaining this ruling would open new avenues for utilizing XRP within its On-Demand Liquidity services and reduce the likelihood of future SEC actions. However, the situation remains complex and multifaceted.
Discussion in the XRP Community
The XRP community's reaction to Morgan's insights has been mixed. Many are questioning the necessity of lifting the injunction. Morgan highlighted that Ripple needs this, but not XRP investors. This distinction emphasizes that the legal strategy of the company primarily targets its own interests.
Thus, the delay in the Ripple vs. SEC case is tied to Ripple’s corporate strategy. A decision on the case is expected in the near future.
