Bill Morgan Fires Back: Ripple vs SEC Lawsuit ’Not Staged’ – Here’s Why It Matters in 2025

The crypto world's longest-running legal drama just got a fresh twist. Ripple's lead counsel Bill Morgan slammed allegations that the SEC lawsuit was orchestrated—calling the claims 'absurd theater.' Here's what you need to know.

The Backstory: Three years into the battle, conspiracy theories swirl about whether this was all a regulatory puppet show. Morgan’s rebuttal cuts through the noise with courtroom receipts.

Why It’s Critical Now: With XRP hovering at key levels, the outcome could rewrite the playbook for crypto enforcement. Or as Wall Street would say—'another expensive lesson in how not to regulate.'

The Bottom Line: This isn’t just legal posturing. The SEC’s next move could send shockwaves through every altcoin project banking on regulatory clarity. Game on.

The Ripple vs SEC case continues to take new twists and turns every day. Recently, a crypto expert Jesse from Apex Crypto Consulting shared that the Ripple vs. SEC lawsuit might be more than just a legal battle. 

Does Ripple Have Bigger Plans?

According to him, Ripple is deeply connected to big players like central banks and the IMF and its bigger goal might be turning XRP into a global reserve currency, replacing systems like SWIFT. He also pointed out that Ripple has continued to rise without facing any pushback and it may be working with major financial powers behind the scenes.

The expert says that the SEC lawsuit is a strategy to keep XRP’s price low while Ripple expands its global network. 

Bill Morgan Rejects “Staged Lawsuit” Theory

However, legal expert Bill Morgan pushed back against the idea that the lawsuit was all part of a planned show. He said that he had never supported this theory, even though the two recent joint motions for indicative rulings were weak and unnecessarily delayed the lawsuit by around three months. 

I have never agreed with this theory even if the recent two weak joint motions for indicative rulings seemed to unnecessarily delay the end of the litigation by three months (and counting) on a hope and a prayer. https://t.co/mAt0QhDWMI

Although the delays are frustrating and there has been little progress, Morgan believes that this is not part of a hidden agenda.

The comments also voiced similar thoughts toward the theory. X Users noted that it’s unrealistic to think Ripple WOULD voluntarily enter a lawsuit, spend hundreds of millions on legal defense, and endure years of uncertainty, just to play out a plan behind the scenes. 

They see the delays and motions as standard legal hurdles and argue that such a complex and costly lawsuit would not be staged merely to manipulate public perception or XRP’s price.

There are also growing speculations in the community after Ripple co-founder Arthur Britto made a rare public appearance, just days before Ripple applied for a banking charter and a Fed master account. With both Ripple and the SEC moving to drop their appeals, some believe that a major behind-the-scenes MOVE could be underway.

Experts Say The Case is Not Over Yet

The Ripple vs SEC lawsuit continues with speculations across the crypto community. There were rumors that the case could finally end today. However, a legal expert cleared the air, saying that it was highly unlikely. Neither of the sides has officially withdrawn their appeal, and these decisions typically take weeks, or even months, to finalize. 

This comes after Ripple CEO Brad Garlinghouse recently revealed that the company is dropping its appeal to officially close this chapter. Attorney Fred Rispoli pointed out that Ripple’s quick move, just a day after Judge Torres’ ruling, suggests that it had already planned for this outcome, likely coordinating with the SEC to move forward smoothly.