Prominent XRP attorney Bill Morgan has criticized the SEC for exhibiting what he describes as a “strange animus” towards Ripple.
The legal dispute between Ripple Labs and the U.S. SEC has intensified, with claims of unusual bias dominating recent discussions. Prominent XRP attorney Bill Morgan has criticized the SEC for exhibiting what he describes as a “strange animus” towards Ripple.
Morgan argued that the penalties the regulator seeks are excessively severe compared to those in other cryptocurrency cases.Ripple’s Legal Battle Intensifies
Ripple’s recent court filing, which references the TerraForm Labs case, highlights the inconsistencies mentioned in the latest argument. The filing drew attention to the penalties imposed in the Terra case, highlighting what it perceives as a stark inconsistency in the SEC’s approach.
TerraForm Labs’ case involved severe allegations against founder Do Kwon and his company. This group was accused of running one of the largest securities fraud schemes in U.S. history, causing $40 billion in investor losses.
