Ripple Lawsuit Insight: Top Attorney Unveils SEC's Bias Toward Institutional XRP Investors

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In the ongoing SEC versus Ripple case, legal expert James Murphy sheds light on the SEC’s controversial disgorgement demand. The SEC seeks nearly $2 billion in penalties from Ripple for violating federal securities laws, with half designated for disgorgement. According to Murphy, the U.S. Supreme Court mandates that disgorgement funds should benefit the victims of the violation. In this case, these so-called victims are institutional buyers of XRP who, paradoxically, stand to profit further. Murphy argues that disbursing millions to already profitable institutions distorts the intent of disgorgement. This perspective has sparked debate among legal experts, who criticize the SEC's approach as enriching the wealthy at Ripple's expense, highlighting a fundamental flaw in the lawsuit's remedy proposals.