A fiery debate over XRP’s legal status reignited on social media platform X, with prominent Ripple attorney Bill Morgan stepping in to challenge claims that the token lacks legal clarity. The controversy stems from a post by an X user who dismissed XRP’s legitimacy, citing the Ripple lawsuit’s unresolved elements and a perceived lack of institutional support. Morgan, however, responded with a scathing rebuttal, defending XRP’s unique legal standing.
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
Bill Morgan: “Biggest Lie in Crypto This Year”
Responding to the claim that “XRP has no legal clarity,” Morgan firmly dismissed the criticism, labeling it the “biggest lie” he’s seen in crypto this year. He referred to the landmark 2023 ruling by Judge Analisa Torres, who found that XRP does not constitute a security when sold on exchanges. Morgan stressed that the legal reasoning in the Ripple decision offers more clarity for XRP than exists for even Bitcoin, which has never been subject to a comparable court ruling.
Morgan also pointed out that the dicta—non-binding judicial commentary—from the Ripple ruling provides persuasive authority that should not be ignored. He emphasized that no court has issued a contradictory finding, reinforcing the token’s non-security classification.
Ripple Lawsuit Ruling Still Resonates
Judge Torres’ ruling was a partial win for Ripple, distinguishing XRP’s institutional sales from its general circulation on exchanges. This nuanced decision was hailed as a milestone for crypto regulation, providing a precedent that other tokens have yet to achieve. Legal experts such as Fred Rispoli and prominent figures like Digital Asset Investor have since claimed that XRP and Bitcoin are the only major cryptocurrencies with any degree of legal clarity.
Bill Morgan reiterated that the SEC failed to prove Ripple marketed XRP as a security to retail investors, a legal distinction he believes cements XRP’s status.
Also Read: XRP Gains Institutional Exposure as HashKey Exchange Launches Regulated Trading
Fresh Filing Rekindles Speculation
The debate has resurfaced amid news of a renewed motion by Justin Keener in the Ripple case, which seeks to introduce what’s described as “decisive evidence.” Bill Morgan highlighted this new filing, fueling community speculation about its potential impact on the Ripple vs. SEC lawsuit’s final outcome.
As the case inches closer to resolution, Morgan’s unwavering stance reinforces the belief that XRP remains one of the few cryptocurrencies with judicial backing—a point that could reshape future crypto regulatory battles.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
