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XRP Lawsuit: SEC Made Mention of Ripple Escrow Holding, Crypto Lawyer Highlights

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Ripple's escrow holdings brought up in SEC's defense, crypto lawyer points out XRPArmy XRPCommunity XRPHolders

According to Morgan, the SEC used Ripple's escrow to buttress its argument that XRP was a"common enterprise."

The SEC went on to state that the escrow's purpose was to remind investors of the common enterprise XRP represented while making reference to Ripple co-founder Chris Larsen and CEO Brad Garlinghouse's supposed statements.'s sole reason for launching the escrow. As stated by Ripple when it was introduced,"the escrow would be used to provide more predictability to the XRP supply.

 

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