2-6-2025 – Bill Morgan, a prominent legal counsel for Ripple, recently took to the X platform to challenge ongoing claims that XRP lacks legal clarity. His statements have reignited debate within the crypto community and highlighted the growing importance of clear legal definitions in the evolving digital asset space.
2023 Judge Torres ruling remains a legal cornerstone
Morgan’s argument centres on a pivotal 2023 ruling by Judge Torres, which explicitly stated that XRP is not a security in secondary market transactions. This critical distinction, he claims, places XRP on more solid legal ground than many realise, especially when compared to the often-assumed but unofficial regulatory clarity around Bitcoin.
XRP’s critics accused of spreading “The biggest lie”
In a strongly worded statement, Morgan described the idea that XRP lacks legal clarity as “the biggest lie” in the crypto space this year. He stressed that this narrative undermines judicial precedent and misleads investors. His post drew widespread engagement, sparking renewed discussions around Ripple’s legal strategy.
Ripple vs SEC lawsuit continues to weigh on market sentiment
Despite past victories in court, Ripple’s unresolved legal battle with the SEC remains a significant factor influencing XRP’s perception in the market. A recent denial of a proposed settlement has extended the litigation, contributing to ongoing investor hesitation and regulatory uncertainty.
Lack of institutional backing adds to complexity
Morgan’s statements also arrive amid critiques regarding XRP’s limited institutional support. Some analysts argue that despite legal wins, institutional investors remain wary due to the open nature of the SEC case. This hesitancy reflects broader concerns about compliance, risk, and long-term viability.
By drawing on historical parallels and reinforcing Judge Torres’ precedent, Morgan aims to rebuild investor confidence and push back against regulatory FUD (fear, uncertainty, and doubt).
