A high-profile lawyer, Bill Morgan has recently spoken out against the Ripple company’s critics, claiming that Ripple does not dump XRP on the market. He said that the company has only been working to strengthen its relationship with the XRP community.
In his recent tweet on the popular social media platform, Twitter, the Australian-based lawyer, revealed that Ripple’s XRP sales are focused on its ODL customers.
Read Also: Attorney John Deaton Explains Why Ripple Will Want to Settle with SEC if it Wins XRP Lawsuit
Interestingly, Morgan said that Ripple had been working to create a “healthy, vibrant, and successful XRP ecosystem” and that the company had not been dumping XRP on the market. He revealed that Ripple had been focused on creating an XRP-based financial system that could help to bridge the gap between traditional banking infrastructure and the digital economy.
Morgan went on to say that Ripple was working to build trust with the XRP community by engaging in open dialogue and that the company was committed to helping the XRP community realize its potential. He also noted that Ripple had been building relationships with regulators and had been working to ensure that the XRP ecosystem was compliant with global regulations.
You know more about these matters than me, but I don’t think many XRP holders fully realise that all Ripple XRP sales now are to ODL customers. The ODL transaction itself involves a buy of XRP and sale of it within seconds which must have a largely neutral impact on price. /1 https://t.co/MtQaj6ASjm
— bill morgan (@Belisarius2020) May 2, 2023
Finally, Morgan said that Ripple was working to ensure that the XRP ecosystem was secure and that the company was committed to protecting the XRP token from malicious actors. He concluded by saying that Ripple was committed to providing a secure, transparent, and effective financial system for XRP holders.
Read Also: Ripple CTO Says XRP Ledger is More Decentralized than PoW Blockchains
The comments from Morgan come at a time when Ripple has been facing increased scrutiny from regulators and investors over its XRP operations. While Ripple has maintained that it has not been dumping XRP on the market, critics have continued to accuse the company of manipulating the market. It remains to be seen how Ripple will respond to the ongoing accusations and whether the company can allay the fears of the XRP community.
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