Ripple vs SEC: Legal Showdown Far From Over — Lawyer Bill Morgan Sets the Record Straight

The courtroom drama between Ripple and the SEC just took another twist—and no, it's not the finale. Lawyer Bill Morgan cuts through the noise with a reality check.

Why this case still matters

Forget 'case closed.' The SEC's crusade against Ripple keeps evolving, with new filings and motions dragging this battle into 2025. XRP holders? Still sweating.

Morgan’s blunt take

‘This isn’t enforcement—it’s bureaucratic theater,’ says the attorney. His breakdown? The SEC’s strategy looks more like regulatory performance art than actual investor protection.

Meanwhile in crypto-land

Exchanges keep listing XRP, traders keep gambling, and the SEC keeps collecting taxpayer-funded paychecks. Some things never change.

Many in the XRP community were celebrating, thinking the SEC had ended its fight with Ripple. A tweet from Ripple’s Chief Legal Officer last month made it sound like the SEC had dropped its appeal. Some even said the SEC has now stopped going after every crypto company in the U.S.

But XRP lawyer Bill Morgan stepped in to clear the air — and his message is clear: The case isn’t over yet.

Community Confusion Over SEC Appeal

It all started when XRP_CRO, a popular voice in the XRP community, highlighted a tweet from Ripple’s Chief Legal Officer, Stuart Alderoty, last month. The tweet stated that the SEC had completely dropped its fight with Ripple.

SECRipple

"The SEC has dropped its appeal against Ripple"
– Stuart Alderoty, CLO @Ripple
#fintech #XRP pic.twitter.com/9NBS38x7vl

Some even began saying the agency had now dropped every case against every crypto company in the U.S.

But Bill Morgan quickly responded to correct the narrative.

Bill Morgan: “The Appeal Is Still on Foot”

Bill Morgan, however, responded with a reality check. He explained that the appeal is not over—it is simply “in abeyance,” or on hold. 

What happens next depends on Judge Torres, who must give a clear signal, called an “indicative ruling.” If the judge gives a positive ruling, the settlement can MOVE forward. 

If not, Ripple may continue with its cross-appeal, and the SEC could revive its own appeal, keeping the case alive. Meanwhile, the SEC is scheduled to file a status report by August 15, 2025.

Don’t Celebrate Too Early

Bill Morgan warned the XRP community not to celebrate too soon. He said the lawsuit has been unfair from the start, calling it a “horrible anti-retail investor” case. In other words, it hurt everyday crypto users more than anyone else.

The SEC may have stepped back for now, but the fight isn’t fully over. Until the judge gives her final say, nothing is confirmed.