{"id":570017,"date":"2024-01-17T23:00:04","date_gmt":"2024-01-17T23:00:04","guid":{"rendered":"https:\/\/uniquehot.com\/?p=570017"},"modified":"2024-06-11T12:06:12","modified_gmt":"2024-06-11T12:06:12","slug":"xrp-sale-controversy-ripple-faces-heated-legal-debate-amid-market-turbulence","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/xrp-sale-controversy-ripple-faces-heated-legal-debate-amid-market-turbulence\/","title":{"rendered":"XRP Sale Controversy: Ripple Faces Heated Legal Debate Amid Market Turbulence"},"content":{"rendered":"<p>The crypto community is currently embroiled in a debate over the right for Ripple to sell XRP tokens, sparked by a recent <a href=\"https:\/\/x.com\/Belisarius2020\/status\/51467587?s=20\" target=\"_blank\" rel=\"noopener nofollow\">exchange<\/a> between XRP advocate Bill Morgan and a crypto analyst known as \u201cDarkhorse\u201d on social media platform X.<\/p>\n<p>This discussion delves into the legal complexities and market implications of Ripple\u2019s actions concerning XRP sales.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">There is nothing that prevents Ripple selling its XRP. Anyone can sell an asset it owns. The issue is whether in the US it needs to register its sales and offers of XRP with the SEC. If Ripple sells XRP programmatically as it has in the past it does not need to register the sales\u2026 <a href=\"https:\/\/t.co\/vHbeCTpeP0\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/t.co\/vHbeCTpeP0<\/a><\/p>\n<p>\u2014 bill morgan (@Belisarius2020) <a href=\"https:\/\/twitter.com\/Belisarius2020\/status\/51467587?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">January 16, 2024<\/a><\/p><\/blockquote>\n<h2>Legal Debate: Ripple&#8217;s Rights To Sell XRP<\/h2>\n<p>Bill Morgan, a staunch defender of XRP, argued that Ripple has no legal constraints on &#8220;selling its XRP tokens except in the context of <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/institutional-inflows-xrp-244-etf\/\" target=\"_blank\" rel=\"noopener \">institutional<\/a> sales.&#8221;<\/p>\n<p>This assertion was in response to a crypto analyst, Darkhorse\u2019s reference to a ruling by Judge Analisa Torres in July 2023, which, according to the analyst, did not permit Ripple to sell XRP.<\/p>\n<p>Morgan maintained that Ripple is legally allowed to sell its XRP holdings, clarifying that the company&#8217;s sales should not be viewed as investment contracts under the United States Securities law.<\/p>\n<p>Morgan further noted that nothing is &#8220;stopping Ripple from selling its XRP.&#8221; &#8220;The issue is whether in the US it needs to register its sales and offers of XRP with the [Securities and Exchange Commission] SEC.&#8221;<\/p>\n<p>After Judge Torres &#8216; decision, another user on X highlighted a significant point regarding Ripple&#8217;s XRP sales. Based on the judge&#8217;s reasoning, these sales might &#8220;now be considered securities transactions.&#8221;<\/p>\n<p>This change in classification, the user explained, is because Ripple&#8217;s involvement with XRP is now publicly acknowledged, which could lead to expectations of value increase due to the payment company&#8217;s activities.<\/p>\n<p>Previously, such sales weren&#8217;t classified as securities transactions due to a &#8220;lack of evidence&#8221; that retail buyers knew about Ripple&#8217;s role with XRP. However, this has changed post-Judge Torres&#8217; decision, making Ripple&#8217;s involvement a publicly recognized fact.<\/p>\n<p>Responding to this, Morgan suggested that despite this<a href=\"https:\/\/uniquehot.com\/xrp-news\/xrp-investors-become-fearful-time-to-buy\/\" target=\"_blank\" rel=\"noopener \"> public awareness<\/a>, the past five years&#8217; performance of XRP&#8217;s price indicates that expecting profits from Ripple&#8217;s efforts might not be &#8220;reasonable.&#8221; The XRP advocate further implied that those who bought XRP after the July 13th decision with such expectations might be &#8220;irrational or need help.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Put on notice or not the price performance by XRP for the last 5 years suggests anyone who acquired XRP since the 13 July decision who thinks Ripple\u2019s efforts are going to lead to profits from an increase in price of the asset does not have a \u2018reasonable expectation\u2019 and may be\u2026 <a href=\"https:\/\/t.co\/WhKCyGWpA0\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/t.co\/WhKCyGWpA0<\/a><\/p>\n<p>\u2014 bill morgan (@Belisarius2020) <a href=\"https:\/\/twitter.com\/Belisarius2020\/status\/44976584?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">January 17, 2024<\/a><\/p><\/blockquote>\n<h2>Ripple XRP Sale And Market Impact<\/h2>\n<p>Notably, the debate comes on the heels of Ripple&#8217;s recent <a href=\"https:\/\/whale-alert.io\/transaction\/ripple\/4CAC161BF57717ECBEA0C8167CD44F94434EBF347F5E2CAE7318DF0B0B220A2F\" target=\"_blank\" rel=\"noopener nofollow\">transfer<\/a> of 80 million XRP tokens, valued at approximately $46.18 million, to an <a href=\"https:\/\/uniquehot.com\/xrp-news\/50-of-xrp-supply-sent-to-bitfinex\/\" target=\"_blank\" rel=\"noopener \">undisclosed wallet<\/a>. This transaction, reported by blockchain tracking service Whale Alert, has ignited speculation in the XRP community.<\/p>\n<p>Amid these developments, XRP&#8217;s <a href=\"https:\/\/uniquehot.com\/xrp-news\/xrp-price-reach-27-by-july\/\" target=\"_blank\" rel=\"noopener \">market performance<\/a> has seen fluctuations. The asset experienced a 1.5% decline in the past 24 hours, dropping its price to $0.566. However, over the past week, XRP has shown resilience, recording a <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-uptrend-to-continue-0-600\/\" target=\"_blank\" rel=\"noopener \">2.6% increase<\/a>. The trading volume for XRP also saw a dip, falling from over $1 billion last Wednesday to $827 million in the last 24 hours.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/QGKUDcH9\/\" alt=\"XRP price chart on TradingView amid Ripple news\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">XRP price is moving sideways on the 1-hour chart. Source: BTC\/USDT on<a href=\"https:\/\/www.tradingview.com\/x\/gvn7NP89\/\" target=\"_blank\" rel=\"noopener nofollow\"> TradingView.com<\/a><\/figcaption><\/figure>\n<p>Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto community is currently embroiled in a debate over the right for Ripple to sell XRP tokens, sparked by a recent exchange between XRP advocate Bill Morgan and a crypto analyst known as \u201cDarkhorse\u201d on social media platform X. This discussion delves into the legal complexities and market implications of Ripple\u2019s actions concerning XRP sales. There is nothing that prevents Ripple selling its XRP. Anyone can sell an asset it owns. The issue is whether in the US it needs to register its sales and offers of XRP with the SEC. If Ripple sells XRP programmatically as it has in the past it does not need to register the sales\u2026 https:\/\/t.co\/vHbeCTpeP0 \u2014 bill morgan (@Belisarius2020) January 16, 2024 Legal Debate: Ripple&#8217;s Rights To Sell XRP Bill Morgan, a staunch defender of XRP, argued that Ripple has no legal constraints on &#8220;selling its XRP tokens except in the context of institutional sales.&#8221; This assertion was in response to a crypto analyst, Darkhorse\u2019s reference to a ruling by Judge Analisa Torres in July 2023, which, according to the analyst, did not permit Ripple to sell XRP. Morgan maintained that Ripple is legally allowed to sell its XRP holdings, clarifying that the company&#8217;s sales should not be viewed as investment contracts under the United States Securities law. Morgan further noted that nothing is &#8220;stopping Ripple from selling its XRP.&#8221; &#8220;The issue is whether in the US it needs to register its sales and offers of XRP with the [Securities and Exchange Commission] SEC.&#8221; After Judge Torres &#8216; decision, another user on X highlighted a significant point regarding Ripple&#8217;s XRP sales. Based on the judge&#8217;s reasoning, these sales might &#8220;now be considered securities transactions.&#8221; This change in classification, the user explained, is because Ripple&#8217;s involvement with XRP is now publicly acknowledged, which could lead to expectations of value increase due to the payment company&#8217;s activities. Previously, such sales weren&#8217;t classified as securities transactions due to a &#8220;lack of evidence&#8221; that retail buyers knew about Ripple&#8217;s role with XRP. However, this has changed post-Judge Torres&#8217; decision, making Ripple&#8217;s involvement a publicly recognized fact. Responding to this, Morgan suggested that despite this public awareness, the past five years&#8217; performance of XRP&#8217;s price indicates that expecting profits from Ripple&#8217;s efforts might not be &#8220;reasonable.&#8221; The XRP advocate further implied that those who bought XRP after the July 13th decision with such expectations might be &#8220;irrational or need help.&#8221; Put on notice or not the price performance by XRP for the last 5 years suggests anyone who acquired XRP since the 13 July decision who thinks Ripple\u2019s efforts are going to lead to profits from an increase in price of the asset does not have a \u2018reasonable expectation\u2019 and may be\u2026 https:\/\/t.co\/WhKCyGWpA0 \u2014 bill morgan (@Belisarius2020) January 17, 2024 Ripple XRP Sale And Market Impact Notably, the debate comes on the heels of Ripple&#8217;s recent transfer of 80 million XRP tokens, valued at approximately $46.18 million, to an undisclosed wallet. This transaction, reported by blockchain tracking service Whale Alert, has ignited speculation in the XRP community. Amid these developments, XRP&#8217;s market performance has seen fluctuations. The asset experienced a 1.5% decline in the past 24 hours, dropping its price to $0.566. However, over the past week, XRP has shown resilience, recording a 2.6% increase. The trading volume for XRP also saw a dip, falling from over $1 billion last Wednesday to $827 million in the last 24 hours. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":524613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[134,6664,3680,4531,78763],"class_list":["post-570017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-altcoin","tag-crypto","tag-ripple","tag-xrp","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Sale Controversy: Ripple Faces Heated Legal Debate Amid Market Turbulence<\/title>\n<meta name=\"description\" content=\"The crypto community is currently embroiled in a debate over Ripple rights to sell XRP tokens, sparked by a recent exchange between XRP...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Sale Controversy: Ripple Faces Heated Legal Debate Amid Market Turbulence","url":"http:\/\/uniquehot.com\/news\/ripple\/xrp-sale-controversy-ripple-faces-heated-legal-debate-amid-market-turbulence\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ripple\/xrp-sale-controversy-ripple-faces-heated-legal-debate-amid-market-turbulence\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/XRP-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/XRP-2.jpeg?fit=1140%2C815"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto","ripple","xrp","xrpusdt"],"dateCreated":"2024-01-17T23:00:04Z","datePublished":"2024-01-17T23:00:04Z","dateModified":"2024-06-11T12:06:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Sale Controversy: Ripple Faces Heated Legal Debate Amid Market Turbulence\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-sale-controversy-ripple-faces-heated-legal-debate-amid-market-turbulence\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-sale-controversy-ripple-faces-heated-legal-debate-amid-market-turbulence\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/XRP-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/XRP-2.jpeg?fit=1140%2C815\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"crypto\",\"ripple\",\"xrp\",\"xrpusdt\"],\"dateCreated\":\"2024-01-17T23:00:04Z\",\"datePublished\":\"2024-01-17T23:00:04Z\",\"dateModified\":\"2024-06-11T12:06:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/XRP-2.jpeg?fit=1140%2C815","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/570017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=570017"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/570017\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/524613"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=570017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=570017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=570017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}