Bill Morgan, a crypto lawyer, detailed the mechanisms of Ripple's escrow system. Using a post on X, he elaborated on how Ripple manages its XRP holdings responsibly through escrow.
Morgan addressed misconceptions about Ripple's escrow, touching on claims made by the SEC in its lawsuit against Ripple. He argued that the escrow system is indicative of prudent management of the cryptocurrency.
The post aims to minimize fears and correct myths surrounding Ripple’s XRP escrow.
