Renowned legal expert Bill Morgan highlighted that Ripple has not been able to promote XRP over the past few years due to its previous legal battle with the US Securities and Exchange Commission (SEC).
Why Ripple Couldn’t Promote XRP in the Past
In Post XBill Morgan stated that Ripple was unable to promote XRP or XRP Ledger in the past for fear of being sued by the SEC for promoting and offering unregistered securities. He noted that despite this, the company was standing sued by the regulator. The lawyer’s response followed XRPL stakeholders Wietse’s comments about how XRPL regularly shows up too early and too overdue.
Wietse made this comment after a member of the XRP community Crypto Eri pointed out that supports XRP Ledger tokenized gold since then, although it has not gained enough publicity. Wietse added that the web is too early for people to notice and realize how great some things are, and too overdue for others, resulting in too little and too overdue catching up.
However, Bill Morgan believes that XRP and XRP Ledger would have gained more publicity if Ripple had been able to actively promote the altcoin in the past. He noticed that in the process SEC lawsuitthe crypto company barely mentioned XRP. Meanwhile, the lawyer noted that Bitcoin, Ethereum and other cryptocurrencies have been promoted with impunity, and former SEC official Bill Hinman successfully promoted ETH during his tenure.
The lawyer added that to this day, Ripple’s promotion of XRP and XRP Ledger remains still. He stated that the company was doing this secretly under the guise of acquisitions and RLUSD. Morgan thinks it’s nothing compared to how Michael Saylor actively talks about and promotes Bitcoin.
XRP continues to be at the center of Ripple’s vision
Ripple has recently reiterated that XRP is at the center of its vision. On his Modern Year messagethe company’s CEO, Brad Garlinghouse, stated that the altcoin was and will continue to be at the heart of this vision. This came after he noted that their two major acquisitions last year, Ripple Prime and GTreasury will significantly accelerate and expand their ability to realize their vision of enabling the Internet of Value.
He added that building and using crypto infrastructure, updating the global financial installation and rethinking legacy systems does not happen overnight. As such, they will continue to take a long-term view of what cryptocurrency-based assets such as XRP and RLUSD what can be done instead of chasing media cycles and hype.
At the time of writing, XRP is trading around $2.16, up over 5% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Peakpx, chart from Tradingview.com
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