Ripple Lawsuit: Top Crypto Lawyer Flags Negative Impact on XRP

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Ripple Lawsuit: Bill Morgan Warns of XRP Price Pressure

The anticipation of the resolution of the Ripple and SEC lawsuit has fueled uncertainty in the price of XRP, a trend that a top crypto lawyer says may continue to impact the cryptocurrency. 

The prolonged legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) continues to impact the XRP price. 

In his latest X post, Pro-crypto lawyer Bill Morgan has raised concerns that the uncertainty surrounding the case could bring about sustained price corrections for the Coin.

Morgan Warns of XRP’s Market Struggles

Since the security commission filed its class actions against Ripple Labs in December 2020, XRP has witnessed several notable price fluctuations. 

Despite periods of growth, many crypto enthusiasts and experts believe the unresolved case has prevented the token from reaching its full potential. 

At the time of writing, XRP is trading at $2.27, down 2.73% in 24 hours. While the coin showed a strong rally earlier this year, investor confidence has weakened due to the prolonged legal battle.

Speaking on the above, Pro-crypto lawyer Bill Morgan has disclosed to the crypto community that extended settlement talks, and speculation about the lawsuit’s outcome could continue to weigh on XRP price. 

He further reiterated that as long as the case remains unresolved, investors may remain cautious, limiting the token’s growth. 

Meanwhile, some experts argue that XRP could have emerged as a top competitor among digital assets without the lawsuit. However, with no clear resolution, the market remains uncertain.

Still, despite Ripple Labs Uncertainties, XRP remains the fourth largest cryptocurrency globally, with a Market capitalization of $132.03 billion.

Will Ripple Settle With the SEC?

It is worth mentioning that recent signs are pointing to a potential settlement nearby. For context, interim SEC President Mark Uyeda has shifted the commission’s stance on crypto regulation since taking office in January. 

The SEC recently dropped lawsuits against major firms like Coinbase, Uniswap, and Kraken. Shortly after the Coinbase suit, former US SEC executive John Reed Stark hinted to the crypto community about a potential dismissal of Ripple Labs’ lawsuit. 

Reports indicate that Ripple and SEC lawyers negotiate settlement terms to prevent future regulatory disputes. However, no official timeline has been confirmed. 

Earlier this month, Strategy Founder Michael Saylor admonished the Trump administration to include XRP in its national strategic reserve.


Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of BGECrypto’s content as such. BGEcrypto does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.

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