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HomeCrypto NewsMarketDoes Ripple believe it's Going to Lose Against SEC? Pro-XRP Attorney Answers

Does Ripple believe it’s Going to Lose Against SEC? Pro-XRP Attorney Answers


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XRP community raises concerns on the omission of XRP from Ripple Liuidty Hub.

Members of the XRP community have been reacting to the exclusion of XRP from the list of supported assets in Ripple’s Liquidity Hub.

Yesterday a community member said: “I don’t see this as a good sign. I don’t want to get my conspiracy brain out there, but I imo you only remove XRP if you know something is coming. I truly hope I’m wrong, but I think people can’t defend Ripple for this ANd be mad at Coinbase for delisting.”

To address such anxieties, Morgan came forward to answer.

Morgan believes XRP was not added as a supported asset in the liquidity hub due to the product’s nature or commercial imperatives.

Yesterday, the leading Silicon Valley tech company launched its much-anticipated liquidity hub following successful experiments with the pilot version in closed beta. 

Ripple’s liquidity hub, which eliminates all barriers for fiat-to-crypto integrations, supports eight assets, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), Tether (USDT), USD Coin (USDC), and the US dollar (USD).

Notably, XRP was not included in the list of supported assets, sparking widespread reactions from the community.

Pro-XRP Lawyer Reacts

Bill Morgan, a pro-XRP lawyer, recalled that a few months after Ripple’s lawsuit with the SEC commenced, the company had included XRP among the list of supported assets in the liquidity hub document.

“I wondered if Ripple’s assessment of its prospects has become more negative since 2021. I don’t think so,” Morgan added.

The pro-XRP lawyer noted that since there is a significant risk of Ripple losing the lawsuit against the SEC, the blockchain company may have excluded XRP from the liquidity hub based on the nature of the product or its commercial imperatives.

He added that Ripple not including XRP in the product can enable the company to push the liquidity hub in the US market without having users worry about a “potential securities contravention issue.” 

Morgan speculates that Ripple’s liquidity hub without XRP is a good hedge if it loses the case against the SEC.

“It may also diversify Ripple’s revenue source, which relies almost entirely on XRP sales to ODL customers.”

Ripple Hints At Possible XRP Integration

The exclusion of XRP from the list has caused tension in the XRP community, as many believe Ripple has no confidence in winning the lawsuit. However, Ripple has tried to calm the situation by assuring supporters of its plans to roll out support for XRP alongside other crypto assets. Per Ripple, XRP will be evaluated alongside other tokens for support within the product. 

“ We look forward to supporting XRP as it receives regulatory clarity in the US.”


XRP to be included in Ripple Liquidity Hub
XRP to be included in Ripple Liquidity Hub

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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