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Bill Morgan Debunks XRP NDA Expiry Theory After Ripple vs SEC Settlement
Ripple’s recent settlement with the Securities and Exchange Commission (SEC) has led to a resurgence of speculation surrounding 1,700 non-disclosure agreements (NDAs). Many have been hypothesizing that these NDAs could now be revealed as the case is resolved. However, lawyer Bill Morgan is quick to debunk this theory.
Morgan asserts that it’s illogical to assume that NDAs drafted before the lawsuit began would expire solely when a lawsuit, which hadn’t even started at the time, was resolved. He dismisses the notion as “nonsense,” pointing out that NDAs are typically written to protect both parties involved, not just Ripple.
The prominent lawyer emphasizes that these agreements were created long before the SEC lawsuit commenced and shouldn’t be linked to it. Morgan further highlights that the majority of these NDAs do not relate to secret partnerships or hidden collaborations, as many believe. Instead, they cover various commercial deals, trading agreements, and service payments made in XRP.
Morgan’s statement serves as a crucial reality check for the XRP community, dispelling rumors and misconceptions surrounding Ripple’s dealings with financial institutions and other organizations.
Source: coinpedia.org
