Ripple vs. SEC Bombshell: Legal Expert Predicts XRP’s Status Remains Unshaken

The crypto courtroom drama takes another twist as a top lawyer drops a bombshell prediction: XRP might dodge the SEC's regulatory bullet.

Here's why the 'security' label may not stick—and how Ripple's army of lawyers keeps outmaneuvering the feds.

Meanwhile, Wall Street still can't decide if crypto is the future or just a very expensive prank.

TLDR

• The Ripple Vs. SEC lawsuit is moving toward a final decision from Judge Analisa Torres.
• Attorney Bill Morgan stated that the upcoming ruling will not change the legal status of XRP.
• The court will focus on whether to reduce penalties and dissolve the injunction against Ripple.
• Ripple and the SEC jointly filed a second motion seeking an indicative ruling from the judge.
• The Summary Judgment Order will remain in effect and will not be modified by the court.

The Ripple Vs. SEC lawsuit is nearing a pivotal conclusion, but legal experts say it will not alter digital asset classifications. Attorney Bill Morgan rejected the belief that Judge Analisa Torres’ next ruling will redefine XRP’s status. While the community remains focused on the upcoming decision, legal interpretations suggest limited implications beyond penalties and procedures.

Ripple Vs SEC Will Not Redefine XRP

Attorney Bill Morgan clarified that the ruling in the Ripple Vs. SEC case will only address procedural matters, not XRP’s classification. He explained that the court will determine if circumstances warrant reducing penalties and lifting the injunction against Ripple. The focus is on the joint motion recently filed by Ripple and the SEC, not on regulatory definitions.

The motion is Ripple and the SEC’s second attempt to seek an indicative ruling, following an earlier denial from Judge Torres. According to Morgan, the Summary Judgment Order will stay intact regardless of the court’s decision on this motion. This means previous findings on XRP’s secondary sales will continue to apply under legal doctrines like claim and issue preclusion.

This is incorrect. The decision on the joint motion filed last week will be an indicative ruling on whether there are exceptional circumstances to warrant the Court reducing the penalty and dissolving the injunction.

It will not be a ruling that will redefine the status of… https://t.co/lkjE24WkSE pic.twitter.com/YR8Lq6gxwG

— bill morgan (@Belisarius2020) June 25, 2025

Furthermore, the filing emphasized that neither party wants to change the original Summary Judgment Order in the Ripple Vs. SEC case. The order will remain effective and will continue to guide legal responsibilities for both Ripple and the SEC. Therefore, the legal status of XRP as outlined earlier in the case will not shift with the upcoming ruling.

Digital Asset Legal Status Remains Unchanged

Speculation surrounding the Ripple Vs. SEC lawsuit suggested a broad impact on U.S. crypto regulations, but experts disagree. Lawyer Bill Morgan asserted that the decision will not redefine digital asset laws or classifications across the board. His statement directly responded to claims by crypto influencer John Squire, suggesting a potential shift in legal frameworks.

Although the case has been closely followed, the current motion does not request changes to foundational legal interpretations on XRP. The Summary Judgment Order previously concluded that XRP’s programmatic sales are not securities, and this will remain unaffected. Both Ripple and the SEC confirmed that they are not challenging these earlier determinations.

Former SEC attorney Marc Fagel added that the court has no set timeline for releasing a decision on the pending motion. He explained that while deadlines exist for appeal processes, the final judgment date remains open-ended. As such, any projected date for a ruling in the Ripple Vs. SEC matter is speculative.