Ripple vs SEC Lawsuit Not Yet Over According to Pro-XRP Lawyer
By: zycrypto|2025/05/08 15:45:01
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In a recent post shared on X, formerly Twitter, a pro-XRP lawyer clarified the conversation surrounding the Ripple vs SEC legal battle. According to Bill Morgan, the long-standing battle between the U.S. regulatory body and the cryptocurrency firm Ripple has not officially come to an end.The lawyer’s notation has left market players more uncertain, as Ripple participants had already begun to celebrate Ripple’s perceived victory over the previous weeks.Notably, the four-year legal battle reportedly came to a close after Brad Garlinghouse, the CEO of Ripple, made a big revelation in April, stating that the case against the company had been dissolved. “Today is a victory—and a long overdue surrender by the SEC,” he remarked. Ripple proponents were understandably convinced that the firm had emerged victorious, mainly because the SEC had dropped multiple investigations and lawsuits filed against other notable cryptocurrency companies.Remarkably, the regulator is yet to acknowledge and affirm Garlinghouse’s statement officially, although market participants have continued to maintain optimism. However, as the lawyer observed, certainty can only be guaranteed after court proceedings have been carried out. “It [the Ripple vs SEC lawsuit] is not over yet. Things need to happen first in court”. He wrote.In a follow-up post, the lawyer further highlighted Ripple’s Q1 2025 quarterly market report, noting that the crypto firm has officially referenced the lawsuit.“I think this is the first explicit public reference by Ripple that the SEC agreed to request that the Court vacate the permanent injunction.” Bill Morgan raised concerns over notations on the report, stating that the SEC has officially withdrawn its appeal, despite the SEC commissioner not making any formal statement on the situation.https://twitter.com/belisarius2020/status/1919703964276105438?s=46&t=qzsvHvtDB3yjTaoaylh-2gThe lawyer’s assertion comes as Ripple’s CLO Stuart Aldertoty reiterated that the SEC’s lawsuit was filed without proper legal justification. Aldertoty stays convinced that the SEC will re-evaluate its framework, a move expected to strengthen the industry going forward.
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