Ripple is moving forward with the launch of its RLUSD stablecoin, ignoring the U.S. SEC's allegations of wrongdoing. Crypto lawyer Bill Morgan has countered the SEC's claims, declaring them incorrect.
He suggests that Ripple strategically bypassed these legal criticisms to achieve its launch goal. Morgan emphasized that the RLUSD's regulatory status means the market and other stakeholders are unconcerned with the SEC's position.
The situation underlines the tension between crypto innovators and regulatory bodies but suggests confidence in RLUSD’s compliance.
