#CryptoCommunity
#Ripple
#XRP
#CryptoDebate
#CryptoLegalities
#Blockchain
#CryptoAsset
#SecuritiesLaw
Rewritten Content:
The ongoing debate within the cryptographic community about Ripple’s right to sell XRP tokens has intensified. The discussion unraveled following a recent online exchange between XRP advocate Bill Morgan and a crypto analyst, Darkhorse. The dialogue explores the legal complexities surrounding Ripple’s rights to sell XRP and the market implications of such sales. A pivotal point is whether Ripple should register sales and offers of its XRP with the Securities and Exchange Commission (SEC) in the U.S.
Morgan has staunchly defended Ripple’s right to sell its XRP tokens, arguing that the only barrier exists in the scope of institutional sales. He contends that Ripple is legally permitted to offload its XRP holdings and its sales should not be construed as investment contracts under the United States Securities law. He also states that nothing legally prevents Ripple from selling its XRP. However, question marks have been raised since Judge Analisa Torres ruling in July 2023 about the sales now being potentially considered securities transactions. This adjustment in classification hinges on Ripple’s public acknowledgment of its involvement with XRP, which some argue could lead to expectations of value increases due to the firm’s activities. Despite this, Morgan suggests that considering XRP’s performance in the past five years, such expectations might be irrational.
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