Recent remarks by pro-XRP lawyer Bill Morgan have stirred conversations in the crypto community. Ripple has recently filed a letter backing its Motion to Seal documents related to the SEC's Motion for Judgment and Remedies, which has caught significant attention among XRP enthusiasts. In response, Bill Morgan addressed and countered the fear, uncertainty, and doubt (FUD) surrounding XRP's On-Demand Liquidity (ODL) sales, supporting Ripple's position in the ongoing legal battle.

On May 29, Ripple's legal team submitted a response to Judge Analisa Torres, refuting the SEC's arguments regarding the company's financial status. Ripple's reply emphasized that the SEC's claims about its finances were irrelevant to the court's decisions on remedies. Ripple argued that its financial situation should not influence the court's analysis, highlighting that it has never contested its ability to pay any potential penalties. During this, Bill Morgan used social media to debunk the misinformation about Ripple's XRP sales to ODL customers.

Morgan clarified that Ripple does not offer price discounts to ODL customers. He pointed out that this fact is crucial as the court considers whether over-the-counter contracts were investment contracts. Morgan further argued that Ripple’s sales to ODL customers do not harm XRP’s price. He dismissed the idea that Ripple is dumping XRP on retail investors, emphasizing that ODL sales have a neutral impact on the token's value. He expressed frustration at the ongoing spread of false claims, reaffirming his previous explanations as to why these accusations are unfounded.

In its latest court filing, Ripple argued that the SEC should not access its sensitive financial records without solid justification. Ripple stated that disclosing such information might be unnecessary if the court disregards the SEC's alleged critical facts. Ripple insisted that it has a legitimate reason for sealing its confidential financial details. Additionally, Ripple challenged the SEC’s claim that its historical contracts are no longer relevant, explaining that the terms of these contracts are confidential and revealing them could unfairly benefit future business counterparts.

Ripple also reiterated that the court had already decided that XRP is not a security, stressing that the sale of XRP does not equate to selling investment contracts as per the court’s summary judgment. Despite this update, the price of XRP fell by 0.92%, trading at $0.5248, down from its 24-hour high of $0.5321. However, its trading volume increased by 13% to $1.56 billion.

In conclusion, the recent developments in the Ripple vs. SEC case, including the statements by Bill Morgan, have sparked much discussion. Morgan’s efforts to debunk the FUD surrounding XRP sales reinforce Ripple’s position in the ongoing legal proceedings, emphasizing that these sales do not negatively impact XRP’s price.