Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Lawyer says SEC lacked proof of Ripple paying influencers to promote XRP

Lawyer says SEC lacked proof of Ripple paying influencers to promote XRP

TheCryptoUpdatesTheCryptoUpdates2025/09/30 23:12
By:Mridul Srivastava

Court Case Reveals Lack of Evidence

Bill Morgan, a lawyer who closely followed the SEC v. Ripple case, has dismissed claims that Ripple organized influencers to promote XRP. He argued that if the SEC had evidence of such activities, it would have been central to the legal proceedings.

“The SEC had nothing to show the court about hype or promotional activities directed to programmatic and secondary market buyers,” Morgan stated, referencing court documents. The judgment confirmed that Ripple’s promotional materials, including the “Ripple Primer” and “Gateways” brochure, were primarily shared with institutional buyers rather than retail traders on exchanges.

Market Comparisons Spark Debate

The discussion resurfaced following Chainlink’s announcement about SWIFT’s blockchain initiative. At Sibos 2025, SWIFT revealed plans to launch a blockchain-based ledger to extend its global financial messaging network. Chainlink highlighted this as validation of its role in helping banks connect to blockchain networks through oracles while using existing infrastructure.

This partnership builds on more than seven years of collaboration between Chainlink and SWIFT, including digital asset trials and cross-border transaction pilots. After the SWIFT news, market analyst Dave Weisberger questioned why XRP’s market capitalization exceeds Chainlink’s by more than ten times, despite Chainlink’s institutional partnerships.

For context, XRP currently holds a market cap of $170.9 billion compared with LINK’s $14 billion. Over the past 24 hours, XRP saw $4.9 billion in trade volume, significantly higher than Chainlink’s $641 million.

Influencer Marketing Claims Examined

Some critics argued that XRP’s popularity stems from organized promotion rather than institutional adoption. One user pointed to Ripple documents that referenced building and activating a network of influencers as part of its marketing strategy.

However, Morgan emphasized that none of this was proven in court, and programmatic buyers were not shown to have been targeted by Ripple’s campaigns. He believes Ripple might have lost the case if the SEC could establish that the company paid influencers to promote XRP.

XRP supporters countered that the token’s value reflects real-world adoption, with higher trading volumes and usage on the XRP Ledger compared to Chainlink. The debate continues as both projects pursue different approaches to blockchain integration and market development.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Nasdaq’s Move Toward Tokens Challenges the SEC’s Regulatory Stance

- Nasdaq submitted a proposal to tokenize stocks via digital tokens, aiming to streamline settlement and expand market access while navigating SEC regulatory scrutiny. - The World Federation of Exchanges warned tokenized equities could bypass safeguards, urging the SEC to enforce parity with traditional trading rules to protect market integrity. - Industry reactions are split: proponents highlight democratization and liquidity gains, while critics caution layer-2 tokenization risks diverting value from cor

Bitget-RWA2025/11/30 02:32
Nasdaq’s Move Toward Tokens Challenges the SEC’s Regulatory Stance

Vitalik Buterin Supports ZKSync: Evaluating the Long-Term Investment Potential and Future Prospects of Ethereum Layer 2 Solutions

- Vitalik Buterin's endorsement of ZKSync's Atlas upgrade validates its 15,000 TPS scalability, signaling a shift in Ethereum's scaling priorities. - ZKSync's ZK Stack framework enhances cross-chain efficiency, attracting $15B in 2025 and a 50% ZK token surge post-endorsement. - ZKSync competes with Arbitrum ($16.63B TVL) and Optimism ($6B TVL) via cost efficiency and EVM compatibility, aiming to capture institutional capital. - Ethereum's post-Merge roadmap, including Proto-Danksharding, aligns with ZKSyn

Bitget-RWA2025/11/30 02:32
Vitalik Buterin Supports ZKSync: Evaluating the Long-Term Investment Potential and Future Prospects of Ethereum Layer 2 Solutions

Nasdaq's initiative to introduce tokenized stocks encounters regulatory resistance from the WFE

- Nasdaq submitted a tokenized stock proposal to the SEC, seeking regulatory approval while collaborating with agencies to ensure compliance. - The WFE warned that tokenized assets could weaken investor protections and create regulatory imbalances by bypassing traditional market rules. - Nasdaq partnered with Revolut to strengthen regtech capabilities, emphasizing innovation balanced with compliance frameworks during SEC review. - The SEC's "Innovation Exemption" framework aims to accelerate blockchain ado

Bitget-RWA2025/11/30 02:12
Nasdaq's initiative to introduce tokenized stocks encounters regulatory resistance from the WFE

The Xerox Campus located in Webster, NY: An Example of How Infrastructure Enhances Real Estate Value

- Webster , NY transformed the Xerox brownfield into a high-value industrial hub via infrastructure grants and public-private partnerships. - $9.8M FAST NY funding enabled shovel-ready upgrades, attracting advanced manufacturing and logistics firms to the 300-acre site. - Strategic anchors like the $650M fairlife dairy facility and NY Forward programs validate the model, boosting property values by 10.1% annually. - The success demonstrates how infrastructure-led redevelopment in post-industrial markets ca

Bitget-RWA2025/11/30 02:10
The Xerox Campus located in Webster, NY: An Example of How Infrastructure Enhances Real Estate Value