Ripple May Be Releasing XRP Liquidity Via Backdoor, Claims Crypto Pundit
Crypto researcher Darkhorse claims Ripple Labs is using a $300 million XRP treasury vehicle with Webus International Ltd. to bypass a federal court injunction. This setup allows Ripple to sell XRP through regulated intermediaries, specifically an SEC-registered investment adviser, Samara Alpha, rather than directly to investors. Darkhorse argues this structure is compliant and designed to navigate legal restrictions. Critics, including XRP commentator Jay Nisbett, argue that this is merely market adoption and not a circumvention of the injunction, asserting that Webus is acquiring XRP like any other market participant. Darkhorse counters that the relationship between Ripple and Webus is significant, citing historical ties and regulatory compliance in the treasury management structure. The ongoing debate centers on whether this arrangement constitutes a legal workaround or a legitimate evolution in response to regulatory challenges. The SEC has not commented, and the court has denied requests to vacate the injunction. XRP is currently trading at $2.1989.
