Lawyer Bill Morgan has responded to claims regarding the legal status of the XRP token.
He criticized a user on X who argued that the legal status of XRP is still uncertain. Morgan emphasized that a judge has determined that XRP is not a security and the Securities and Exchange Commission (SEC) did not refute this in the legal battle with Ripple.
He called the statement that XRP lacks legal clarity the "biggest lie" of the year. Judge Analisa Torres stated that XRP is not an investment contract, but Morgan believes this opinion is not sufficient to be considered an official ruling. He also asserted that Bitcoin has never been declared a commodity by the courts, despite some unofficial statements about it.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
The lawyer rebutted the claim about the legal status of XRP from Ripple being unclear.
Lawyer Bill Morgan has responded to claims regarding the legal status of the XRP token.
He criticized a user on X who argued that the legal status of XRP is still uncertain. Morgan emphasized that a judge has determined that XRP is not a security and the Securities and Exchange Commission (SEC) did not refute this in the legal battle with Ripple.
He called the statement that XRP lacks legal clarity the "biggest lie" of the year. Judge Analisa Torres stated that XRP is not an investment contract, but Morgan believes this opinion is not sufficient to be considered an official ruling. He also asserted that Bitcoin has never been declared a commodity by the courts, despite some unofficial statements about it.