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

The Psychological Factors Influencing Retail Investors’ Actions in Cryptocurrency Markets

- Crypto markets are shaped by behavioral finance, where retail investors drive volatility through FOMO, herd behavior, and overconfidence. - The PENGU token exemplifies this dynamic, surging 480% in July 2025 but plummeting 28.5% by October due to emotional trading cycles. - Social media amplifies emotional contagion, with traders checking prices 14.5 times daily, while financial literacy mitigates bias susceptibility. - Personality traits like neuroticism increase cognitive biases, and speculative narrat

Bitget-RWA2025/11/27 14:16
The Psychological Factors Influencing Retail Investors’ Actions in Cryptocurrency Markets

Bitcoin News Today: Bitcoin's Unstable Holiday Periods Hide Average Gains of 6%

- Bitcoin's Thanksgiving-to-Christmas performance shows equal odds of rising or falling, with a 6% average seasonal return despite volatility. - Historical extremes include a 50% 2020 rally and 2022's 3.62% drop post-FTX collapse, amid a $2.49-to-$91,600 long-term surge since 2011. - 2025's $91,600 price reflects ongoing recovery from 2024's $95,531 peak, with institutional crypto adoption and macroeconomic factors shaping future trajectories. - Analysts advise dollar-cost averaging for retail investors, w

Bitget-RWA2025/11/27 13:56
Bitcoin News Today: Bitcoin's Unstable Holiday Periods Hide Average Gains of 6%

Australia Strikes a Balance Between Fostering Crypto Innovation and Safeguarding Investors with Updated Regulations

- Australia introduces 2025 Digital Assets Framework Bill to regulate crypto platforms under ASIC, creating "digital asset platform" and "tokenized custody platform" licenses. - The framework mandates custody standards, transparency requirements, and lighter regulations for small operators (<$5k per customer) to balance innovation with investor protection. - Global alignment with UAE and EU crypto regulations is emphasized, while addressing risks from past failures like FTX through stricter enforcement and

Bitget-RWA2025/11/27 13:56
Australia Strikes a Balance Between Fostering Crypto Innovation and Safeguarding Investors with Updated Regulations

PENGU Token's Latest Price Fluctuations and Blockchain Indicators: An Analytical Perspective on Technical Factors and Institutional Activity

- PENGU token's recent volatility and on-chain activity spark debate over institutional involvement in the crypto market. - Technical indicators show conflicting signals: overbought RSI vs. positive MACD/OBV momentum since November 2025. - Whale accumulation and Solana integration suggest strategic buying, while team wallet outflows highlight market uncertainty. - Social media sentiment drives short-term price swings, but structural risks like tokenomics and regulatory ambiguity persist. - Institutional ad

Bitget-RWA2025/11/27 13:56
PENGU Token's Latest Price Fluctuations and Blockchain Indicators: An Analytical Perspective on Technical Factors and Institutional Activity