Crypto lawyer Bill Morgan claims that the SEC's claim of an infraction by Ripple for issuing the RLUSD stablecoin is incorrect, stating that Ripple disregarded the statement and worked around it. He believes that neither the market nor anyone else cares about the SEC's allegation because RLUSD is now regulated. Ripple has announced the launch of RLUSD following regulatory approval, and the upcoming launch has boosted XRP's bullish sentiment, with the cryptocurrency gaining over 6.5% in the early hours of Tuesday. Many analysts expect XRP to break its all-time high and reach new highs during this bull cycle.



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