Ripple lawyer calls a claim for a lack of legal clarity in XRP “total false information”
- According to Ripple lawyer Bill Morgan, XRP has a clear legal status. He quotes the decision of judge Torres, according to which it is not a security.
- Riples XRP has more legal certainty than Bitcoin due to the developments in the Sec./.ripple procedure.
The officially still ongoing legal dispute between Ripple and the US stock exchange supervision SEC also ensures debates about XRP. Recently were in social media Claims The XRP status is still unclear and XRP therefore does not get institutional support.
Ripple lawyer Bill Morgan rejected these claims and said that XRP had more legal clarity than Bitcoin. The decision by judge Analisa Torres from 2023 that XRP is not a security was not challenged by the SEC.
First instance decision determines the legal framework for XRP
The decisive point is the decision of judge Analisa Torres from 2023, which says that XRP is not a security for sales on the secondary market. While institutional sales of XRP were regarded as securities transactions, the token itself was classified as a commodity in stock exchange trading. Bill Morgan pointed out that the SEC did not make an appeal against this part of the judgment, so it is binding.
This is a lie. XRP has been found by a judge not itself to be a security. The SEC Appeal did not challenge that finding. To say XRP has no legal clarity is the biggest lie I have seen in crypto this year. https://t.co/6x1AycUxja
— bill morgan (@Belisarius2020) June 1, 2025
Claims in social media
A violent broke out on x debateAfter it has been claimed that XRP has “no legal clarity”, has no institutional support and do not provide CBDCs. In a popular contribution it was said that only Bitcoin was part of the US reserves and that important institutions did not support XRP. Bill Morgan replied Reproduced that the statement is wrong and misleading.
The Ripple legal department is urging a general regulatory framework of digital assets. She sent one Brief to the SEC crypto-task force, which calls for contemporary legislation. Lautripple should not be classified as securities, including XRP, if they are traded on secondary markets without promises or obligations from first sales.
Ripple referred to the judgment of judge Torres as evidence of this position. One wants to do justice to laws that do justice to crypto tokens and their peculiarities instead of being covered with the undalidated, outdated securities laws for traditional assets. This is in line with the “New Paradigm” speech by Sec Commissioner Hester Peirce, who demanded uniform rules for digital assets.
Current status and future developments
The legal dispute between Ripple and the SEC has not yet been concluded after judge Torres has rejected the joint application of both parties to agree on the amount of the punishment and the termination of the appeal procedure. This means that the legal dispute continues, but the kore decision – “XRP is not a security” – remains.
Bill Morgan said that the rejected application has no influence on the legal status of XRP. The ongoing dispute is about the discussion about the amount of a penalty payment, not the classification of XRP. In the meantime, Ripple has submitted further applications with “crucial evidence”, which heats up speculation about the outcome of the case.
As CNF reported, Ripple has been asking for months to stop the SEC of applying existing securities laws to crypto tokens such as XRP. Ripple wants regulation through the congress and a “ripening test” to determine the token status.
XRP is traded around $ 2.16 and has a market capitalization of around $ 126.6 billion. The position of the token in fourth place in the cryptocurrencies is stable and the trade is careful.
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