Ripple (XRP) vs SEC Case: Legal Expert Refutes This Viral Claim

The belief that Ripple’s legal battle with the SEC is more performance than prosecution continues to circulate in the crypto community. Some argue that the ongoing case serves a strategic purpose to control XRP’s price while Ripple quietly seals key international partnerships. However, not everyone agrees. Prominent attorney and XRP supporter Bill Morgan recently pushed back on this narrative, even as he criticized the slow pace of the court process. While many have grown frustrated by the lawsuit’s extended timeline, Morgan maintains that the idea of a staged legal war lacks merit. Responding to the theory shared by a crypto enthusiast on X, he acknowledged the recent motions filed by both Ripple and the SEC were “weak” and seemed to delay closure “on a hope and a prayer.” I have never agreed with this theory even if the recent two weak joint motions for indicative rulings seemed to unnecessarily delay the end of the litigation by three months (and counting) on a hope and a prayer. https://t.co/mAt0QhDWMI — bill morgan (@Belisarius2020) July 7, 2025 Notably, Fred Rispoli, another well-respected attorney, referred to one of Ripple’s motions as “ not the strongest attempt ,” suggesting the company could have done better to bolster its arguments for an indicative ruling. Despite this, Morgan made clear that he never agreed with this theory, suggesting that while procedural choices may be questionable, they don’t point to collusion or manipulation. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The Ripple-SEC Lawsuit So Far This year began with renewed optimism for resolution. In March, Ripple accepted a reduced civil penalty of $50 million as part of a proposed settlement , while the SEC indicated it would request that the court withdraw the injunction preventing institutional XRP sales. That momentum stalled when Judge Analisa Torres rejected not one, but two joint motions seeking to vacate the injunction and finalize the reduced penalty. She denied the first joint motion in May because Ripple and the SEC failed to properly invoke Rule 60(b). They framed it as a settlement request, omitting required procedural grounds. In June, Judge Torres denied the second motion , ruling that the parties had not demonstrated the “exceptional circumstances” required to modify her prior decision. Shortly after, Ripple announced it would drop its cross-appeal , and Ripple CEO Brad Garlinghouse and the XRP community expect the SEC to do the same. Despite this progress, the case remains unresolved. The final step, which would be a formal SEC withdrawal and court filing, has yet to occur, prolonging the case beyond what many had anticipated. Morgan’s Position on Delay and Conspiracy Morgan criticizes the weak joint motions for causing delays, framing them as poor legal strategy rather than deliberate suppression of XRP. However, he rejects claims of manipulation, emphasizing these legal missteps over conspiracy. This distinction is critical, as frustration with the slow process doesn’t prove the lawsuit is a coordinated setup. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple (XRP) vs SEC Case: Legal Expert Refutes This Viral Claim appeared first on Times Tabloid .

Source: TimesTabloid