🔐 $XRP Safe from Seizure, Says Ripple Lawyer
Ripple’s legal advisor Bill Morgan has firmly denied rumors that the U.S. government could seize XRP from the company’s escrow. His sharp “No it won’t” came in response to claims by analyst John Squire, who speculated on a possible government takeover of Ripple’s holdings. While a validator suggested a method to redirect XRP to a government-controlled wallet via XRPL, Ripple engineer Mayukha Vadari dismissed it, calling it an all-or-nothing approach with no flexibility. 🧠🔁
⚖️ SEC Settlement in Progress
The Ripple vs. SEC case continues to move forward. After reaching a settlement agreement on April 23, court approval was granted to pause appeals through June 16. Despite some procedural hiccups—including a denied motion and a resubmission on June 12—the settlement terms are clear: Ripple will pay a reduced $50M fine 💵, the injunction on XRP sales will be lifted, and all appeals will be dismissed.
📊 Ripple’s Escrow Remains Untouched
Legal experts clarified that government crypto seizures usually require criminal activity or national security threats—neither of which apply here. Ripple’s escrow system, holding ~50B XRP and releasing up to 1B monthly, remains fully operational. This predictable release model continues to support XRP market stability and institutional trust. 📈💼
Ripple’s legal advisor Bill Morgan has firmly denied rumors that the U.S. government could seize XRP from the company’s escrow. His sharp “No it won’t” came in response to claims by analyst John Squire, who speculated on a possible government takeover of Ripple’s holdings. While a validator suggested a method to redirect XRP to a government-controlled wallet via XRPL, Ripple engineer Mayukha Vadari dismissed it, calling it an all-or-nothing approach with no flexibility. 🧠🔁
⚖️ SEC Settlement in Progress
The Ripple vs. SEC case continues to move forward. After reaching a settlement agreement on April 23, court approval was granted to pause appeals through June 16. Despite some procedural hiccups—including a denied motion and a resubmission on June 12—the settlement terms are clear: Ripple will pay a reduced $50M fine 💵, the injunction on XRP sales will be lifted, and all appeals will be dismissed.
📊 Ripple’s Escrow Remains Untouched
Legal experts clarified that government crypto seizures usually require criminal activity or national security threats—neither of which apply here. Ripple’s escrow system, holding ~50B XRP and releasing up to 1B monthly, remains fully operational. This predictable release model continues to support XRP market stability and institutional trust. 📈💼
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XRP
1.9527
-7.83%