In a recent exchange on platform X, notable lawyer Bill Morgan and XRP enthusiast Youtuber Moon Lambo shed light on the complexities of secondary sales amid the ongoing litigation between Ripple and the U.S. Securities and Exchange Commission (SEC).

Legal Complexity of XRP Secondary Sales

Bill Morgan clarified misconceptions regarding the decision made by Judge Torres, stating that secondary sales by retail investors on exchanges were not reviewed in her summary judgment on the Ripple case.

Scope of Appeal: What's at Stake

Morgan highlighted that the appeal may focus on programmatic sales and involve discussions on penalties, injunctions, and disgorgement. In prior discussions with former SEC attorney Marc Fagel, uncertainties regarding the appeal's extent were acknowledged.

Impact on Retail Investors and Future Legal Actions

Moon Lambo concurred with Morgan, suggesting that programmatic sales could classify as secondary transactions, although this doesn't impact retail investors trading XRP. Potential impacts might require additional lawsuits.

The dialogue between Moon Lambo and Bill Morgan underscores the legal complexities surrounding XRP and Ripple, pointing to the need for further clarifications and potential future legal actions.