Pro-XRP Lawyer Says Ripple Could Easily Pay SEC Penalty—Here’s How
Ripple’s XRP Just Displaced Binanace (BNB) as the Fifth Largest Cryptocurrency by Price Hits $1.91 The market capitalization is nearly $109 billion. The surge comes after Ripple received a favorable ruling in a case against the SEC. And Pro-XRP lawyer Bill Morgan recently revealed that Ripple can easily pay its lawsuit fine. He also pointed out a key market capitalization difference, claiming that XRP has surpassed Solana, although this is not reflected on some tracking platforms
Ripple sells 200 million XRP to cover lawsuit fines
Ripple regularly releases XRP from its escrow accounts, ensuring liquidity while maintaining a controlled supply of the token. Morgan said Ripple could pay three times the fine imposed by Judge Torres if it sold the 200 million XRP tokens recently released from escrow.
The tokens are worth hundreds of millions of dollars at current market prices and remain financially secure despite Ripple’s ongoing legal challenges.
Bill Morgan’s statement highlights the company’s ability to generate significant revenue from XRP sales. This statement was also supported by the XRP army, showing Ripple’s strength in the face of challenges from the ripple vs sec lawsuit.
Has XRP subverted Solana’s market cap?
Among other things, Morgan pointed out an interesting error in market capitalization calculations. Ripple XRP.
According to Morgan, the number of XRP tokens in custody is less than 38 billion. This means that when XRP surges to $1.90, its actual market cap is closer to $118 billion, not the $107 billion that platforms like CoinMarketCap indicate.
If Morgan’s calculations are accurate, this means XRP has surpassed Solana in the market capitalization rankings, with a current market capitalization of $116.45 billion – a major milestone that popular tracking platforms have yet to accurately reflect.
