XRP Lawyer Refutes the Biggest Lie in the Crypto Industry

Ripple lawyer Bill Morgan firmly refutes accusations that XRP lacks legal clarity, calling it “the biggest lie” in the crypto industry today.

Xrp Lawyer Refutes The Biggest Lie In The Crypto Industry

A heated debate recently broke out on the X platform regarding the legal status of XRP, after a user criticized the token for lacking legal clarity and institutional backing. In response, Ripple lawyer Bill Morgan strongly refuted the claim, calling it “the biggest lie in crypto this year.”

Morgan referred to the 2023 ruling by Judge Analisa Torres in the high-profile Ripple vs. SEC case, which concluded that XRP is not a security when traded on exchanges or distributed to the public. Ignoring this decision to argue that XRP lacks legal clarity, he said, is a misrepresentation of the facts.

“The legal reasoning in the Ripple case provides persuasive clarity,” Morgan emphasized. “Compared to Bitcoin—which has never been subject to such legal scrutiny—XRP arguably has even stronger legal footing.”

Bill Morgan On X
Bill Morgan On X

His comments come as the crypto community awaits a final outcome in the Ripple-SEC lawsuit. Although the judge recently denied a joint request for an indicative ruling, legal experts expect a conclusion is near.

Previously, Judge Torres clarified that Ripple’s institutional sales of XRP could be considered securities transactions, but the token itself was not a security in secondary market sales or broader distributions. This ruling marked a major win for Ripple and the wider crypto industry.

Bill Morgan also highlighted that the SEC failed to prove Ripple promoted XRP to retail investors. “That’s not just an opinion—it’s a legal fact,” he said. “Legal clarity for XRP has been established, regardless of other ongoing or future lawsuits.”

Legal expert Fred Rispoli has similarly stated, “Only Bitcoin and XRP among large-cap tokens have legal clarity.” His remarks reinforce Morgan’s stance on the issue.

Recently, the debate has reignited after Morgan pointed out a renewed filing in the Ripple case. Attorney Justin Keener submitted what he described as “decisive evidence” in the lawsuit, further fueling speculation about the case’s outcome and its broader implications.

Love

0.0/5

Love

Latest

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

Screenshot 2025 10 20 091338