Bill Morgan argues Ripple can sell XRP freely, while Darkhorse suggests Judge Torres’ ruling might impose restrictions.
Judge Torres’ acknowledgement of Ripple’s involvement with XRP raises question of whether sales are now considered “securities”.
Recent movement of 80 million XRP by Ripple sparked speculation, and despite a 1.5% dip in 24 hour, there’s a 2.6% weekly gain.

A series of heated tweets has ignited a fierce debate within the crypto community regarding Ripple’s authority to sell its XRP tokens. This discourse unfolded during a recent exchange between XRP advocate Bill Morgan and crypto analyst “Darkhorse” on the X platform, setting the stage for a legal discussion.

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… https://t.co/vHbeCTpeP0

— bill morgan (@Belisarius2020) January 16, 2024

The Clash: Bill Morgan vs. Darkhorse

On the virtual battleground of the X platform, Bill Morgan, a staunch supporter of XRP, challenges any legal constraints on Ripple’s XRP token sales, with the exception of institutional transactions. Darkhorse counters, referencing a July 2023 ruling by Judge Analisa Torres, suggesting that Ripple may face restrictions on XRP sales.

Are you ok? Have you lost track of you point. Again wheres the ruling allowing Ripple to sell from judge torres. As exchanges are institutional buyers… seems you seem to be stuck in a loop. Or pretending not to sure, secondary sales is that “secondary” how did they do the FIRST

— ĐΛRKHØRSΞ™ (@DarkhorseDNME4) January 16, 2024

Morgan argues that Ripple is within its legal rights to sell XRP, clarifying that such sales should not be construed as investment contracts under U.S. Securities law. He emphasizes that nothing prevents Ripple from selling its XRP, and the real question is whether it needs to register these sales with the Securities and Exchange Commission (SEC) in the U.S.

Also Read: Is Ripple’s CEO, Brad Garlinghouse, Hinting at a Big Crypto Boom in 2024?

XRP Sales Dilemma

Following Judge Torres’ decision, another X user pointed out a crucial aspect regarding Ripple’s XRP sales. Due to the acknowledgement of Ripple’s involvement with XRP, these sales might now be considered securities transactions, implying expectations of increased value due to Ripple’s activities.

Morgan counters by pointing to the historical performance of XRP’s price over the past five years. He suggests that expecting profits from Ripple’s efforts might be deemed unreasonable, particularly for those entering the XRP market post-July 13th. To him, such expectations could be perceived as irrational.

Massive Moves & the XRP Price

All of this is taking place against the backdrop of Ripple’s recent transfer of 80 million XRP tokens, valued at approximately $46.18 million, to an undisclosed wallet. The transaction, reported by blockchain tracking service Whale Alert, has triggered speculation within the XRP community.

Read More: Top Analyst Predicts When XRP Will Hit $5 (And It’s Sooner Than You Think!)

These developments have influenced XRP’s market performance. Experiencing a 1.5% decline in the past 24 hours, XRP’s price dipped to $0.566. However, over the past week, XRP has displayed resilience with a 2.6% increase.

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