MathewAnderson Posted May 24 Share Posted May 24 Ripple plans to use $1 billion from its cash reserves for expansion. The company aims to transform into more than just a payments platform and liquidity provider. Ripple intends to invest funds in blockchain-friendly markets like the UAE and Switzerland. The ongoing legal battle with the SEC continues, with a recent postponement of the release of influential documents. Legal expert Bill Morgan raises doubts about the SEC's classification of Ripple's XRP tokens as securities. Morgan argues that sales to On-Demand Liquidity (ODL) customers do not meet the criteria of an investment contract, challenging the SEC's stance and potentially reshaping the classification of XRP. Link to comment Share on other sites More sharing options...
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