Pro-XRP Lawyer Says Ripple Could Easily Pay SEC Penalty—Here’s How

Ripple’s This enhance comes after Ripple’s favorable ruling within the case towards the SEC. Whereas pro-XRP legal professional Invoice Morgan lately revealed that Ripple might simply cowl its lawsuit advantageous. He additionally identified a key distinction in market capitalization, claiming that XRP has already surpassed Solana, though this isn’t mirrored on any monitoring platform.

Ripple’s sale of 200 million XRP might cowl the penalty for a lawsuit

Ripple commonly releases XRP from its escrow account, making certain liquidity whereas sustaining a managed token provide. Based on Morgan, if Ripple had been to promote 200 million XRP tokens lately launched from escrow, it might cowl thrice the advantageous imposed by Decide Torres.

At present market costs, these tokens are price tons of of hundreds of thousands of {dollars}, positioning Ripple as financially safe regardless of ongoing authorized challenges.

Invoice Morgan’s assertion underlines the corporate’s potential to generate substantial income by XRP gross sales. This assertion can be supported by the XRP Military and reveals Ripple’s energy amid the challenges it faces from Ripple vs Sec lawsuits.

Has XRP Reversed Solana’s Market Cap?

As well as, Morgan additionally identified an intriguing miscalculation available in the market cap calculations for Ripple’s XRP.

Based on Morgan, there are lower than 38 billion XRP tokens left in custody. Because of this when

If Morgan’s calculation is appropriate, it implies that XRP has already surpassed Solana available in the market cap rankings, which presently stands at $116.45 billion – a serious milestone that common monitoring platforms have but to precisely replicate.