Is XRP truly ‘Rigged From Day One’? A Pro-XRP Attorney Unravels Fact from Fiction
Amid fresh buzz on social media, recent revelations about XRP have caught the attention of many. Old emails from 2014 have resurfaced, leading to assertions that influential individuals aimed to eliminate Ripple and its cryptocurrency XRP well before the regulatory scrutiny from the U.S. began. This ongoing discussion has prompted a thorough response from Bill Morgan, an attorney who supports XRP, as he cautions against making hasty generalizations.
What Do These 2014 Emails Really Indicate?
Bill Morgan asserts that the controversial email in question does imply that Jeffrey Epstein had intentions to undermine Ripple and, by extension, XRP and the XRP Ledger, dating back to 2014. However, he emphasizes that the email reflects discussions or intent, rather than serving as concrete evidence of any coordinated effort to take action.
"The email indicates Epstein’s wish to inflict damage on Ripple," Morgan elaborated, "but it fails to demonstrate any sustained or effective campaign enacted over time."
Understanding the Timeline
A crucial element often overlooked in online speculations is the timeline of events. Morgan pointed out that the investigation by the U.S. Securities and Exchange Commission (SEC) into Ripple commenced only between April and June of 2018, which is almost four years after the 2014 email was sent.
This timeframe also coincides with the much-discussed speech by former SEC official Bill Hinman, which suggested that Ethereum should not be classified as a security. According to Morgan, the interval between 2014 and 2018 is significant and largely unexplained, warranting further scrutiny.
Gary Gensler’s Role — And Where He Doesn’t Belong
Additional emails that have been made public reveal that the same group showed interest in Gary Gensler around early May 2018, alluding to his political connections and associations with what Morgan characterizes as an anti-crypto faction within the Democratic Party in the U.S.
Yet, Morgan disputes claims suggesting that Gensler was involved prior to this time through his association with MIT. While Gensler did indeed join MIT in 2018, Morgan states that there is no evidence linking him to activities at the MIT Media Lab or its former director Joi Ito during the period from 2014 to 2018.
The Missing Connection
"What’s lacking here," Morgan noted, "is a documented trail connecting these various events over the span of four years." Aside from Joi Ito's involvement with the MIT Media Lab, Morgan pointed out the absence of any concrete documentation that would suggest coordination among Epstein, regulators, or exchanges leading up to the SEC's actions.
Distinguishing Between Facts and Speculation
Morgan’s insights come at a time when XRP is once again becoming a hot topic amidst market fluctuations. He stated that while historical documents may prompt questions, any conclusions drawn must rely on verifiable evidence rather than coincidence. So, what do you think? Are the connections being drawn valid, or are they merely speculation? Let us know your thoughts in the comments!
