The long-running legal battle between the SEC and Ripple just took another dramatic turn. Judge Analisa Torres, who has been overseeing the case, has rejected a joint request from both Ripple and the SEC that aimed to wrap up the lawsuit once and for all.
This latest move means the fight isn’t over yet. The rejected filing was meant to adjust the penalty terms against Ripple and then clear the way for both sides to pull back their appeals. But Judge Torres wasn’t having it.
Does XRP Have Legal Clarity?
To add to the drama, there’s been a fresh claim doing the rounds online suggesting “XRP has no legal clarity” and lacks institutional backing. The post claimed no major CBDCs run on XRPL, and that only Bitcoin is part of the U.S. reserve.
This didn’t sit well with pro-XRP lawyer Bill Morgan, who fired back hard. He called it “the biggest lie I’ve seen in crypto this year,” reminding everyone that Judge Torres already ruled XRP itself is not a security. And importantly — the SEC didn’t appeal that part of the decision.
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
When someone argued that the judge’s comments were only dicta (a legal term for remarks not legally binding), Bill Morgan responded firmly, saying that even a dicta provides a degree of legal clarity. He explained that the reasoning used by Judge Torres is persuasive authority in court — and said that no court has found XRP to be a security, adding, “It has more judicial clarity than Bitcoin, which has none.”
What’s Next for XRP?
Despite the legal tussles, most experts believe a final resolution is still on the horizon. The rejected filing doesn’t impact XRP’s existing legal clarity or standing, and while the SEC and Ripple will have to revisit their penalty talks, the case’s key outcomes remain unchanged.
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