Despite concerns about a potential hefty fine from the SEC, XRP lawyer Bill Morgan has expressed confidence in Ripple's financial stability. Morgan's statements come amid discussions about the SEC's response to Ripple's letter regarding the Terraform Labs Consent Judgment. He emphasized Ripple's robust acquisitions and financial strength, dispelling claims of impending bankruptcy.

Morgan argued that Ripple's recent acquisitions, including Metaco for $250 million and Standard Custody, demonstrate its financial resilience. He questioned the notion that a company capable of making such significant investments could not pay a fine exceeding $100 million. Ripple's strategic acquisitions have bolstered its capabilities in digital asset custody, strengthening its market position despite regulatory challenges.

The SEC's response to Ripple's letter has been a focal point in the ongoing lawsuit, with the regulator claiming that Ripple's current On-Demand Liquidity (ODL) sales practices resemble past violations. However, Morgan highlighted that current records do not conclusively support these claims. Ripple's proactive market maneuvers and significant acquisitions underscore its resilience and preparedness to tackle potential penalties.

In conclusion, Ripple's financial strength and market strategy suggest a company well-equipped to navigate its legal challenges. Despite the SEC's assertions and the recent decline in XRP price, Morgan's statements emphasize Ripple's commitment to expanding its foothold in the digital asset custody domain. Ripple's resilience and preparedness will likely continue to shape its market position in the face of regulatory challenges.