Ripple v. SEC case update as of September 18, 2023
While the cryptocurrency community is waiting for the official conclusion of the protracted court standoff between blockchain company Ripple and the United States Securities and Exchange Commission (SEC), legal expert Bill Morgan took to Twitter (now X) to clear up a few misconceptions regarding the case. Specifically, commenting on the X post by user CryptoGeek, who shared the news of Ripple opening up its Liquidity Hub to Brazil and Australia, claiming that Ripple has begun the use of XRP in those countries for payment transactions, Morgan said that this was incorrect in his post on September 15. Liquidity Hub issue As the lawyer subsequently stated, as Ripple’s enterprise-level crypto trading platform, created specifically to allow businesses to buy, sell, and hold digital assets, and therefore not intended for retail traders, “Liquidity Hub does not use XRP anywhere yet.” Furthermore, replying to user MicahPW20, who noted that Liquidity Hub originally did not include XRP “be...