Pro-Ripple $3 attorney Bill Morgan has criticized the U.S. Securities and Exchange Commission’s (SEC) new opening petition in the XRP ($81.88) case. Morgan stated that the SEC does not understand the dynamics of the cryptocurrency market and rejected the regulator’s claims. During this time, XRP’s price reached $3, garnering significant interest in the global crypto market.
SEC’s Allegations on XRP Sales
The SEC, in its opening petition to the U.S. Second Circuit Court of Appeals, alleged that Ripple violated securities laws through its XRP sales. The petition included language suggesting that the American blockchain company’s actions created expectations of profit for investors based on the increasing value of its loca…
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