XRP News Today: Bill Morgan Slams Tenreiro for Omitting Ripple Court Loss in Bio

Bill Morgan, a vocal advocate for XRP, has publicly condemned Jorge Tenreiro, the former lead counsel for the U.S. Securities and Exchange Commission (SEC) in the Ripple case, for omitting the agency’s partial legal defeat from his professional bio after joining the law firm Bernstein Litowitz Berger & Grossmann LLP as a partner [1]. Morgan highlighted the irony that while Tenreiro's profile showcases victories in high-profile crypto enforcement cases—such as those involving Sam Bankman-Fried, Terraform Labs, and Binance—it conveniently leaves out the fact that the SEC agreed to dismiss part of its case against Ripple and lost two-thirds of it in court [1].

The criticism extends to the legal theory Tenreiro employed during the litigation. Morgan argues that the former counsel’s assertion that XRP “represented or embodied a security” was fundamentally flawed and ultimately counterproductive [1]. The court’s decision that XRP was not a security under the Howey test not only weakened the SEC’s case but also challenged the broader regulatory framework the agency has been pushing to classify various digital assets as securities.

Morgan also took issue with Tenreiro’s courtroom tactics, particularly his alleged attempt to discredit Ripple’s attorney, John Deaton, during the proceedings [1]. He described this as an “ignoble attempt to disparage the character” of legal counsel, which he viewed as an overreach beyond professional boundaries.

The move by Tenreiro from the SEC to private practice reflects a common career trajectory among former regulatory attorneys, especially in niche and high-stakes fields like crypto enforcement [1]. However, Morgan’s public remarks underscore the growing scrutiny around how former prosecutors present their legal records, particularly in a space where credibility and regulatory clarity are still evolving [1].

Morgan sarcastically wished Tenreiro "the double sack" in his new role, a comment that captures the adversarial tone that developed between XRP supporters and the SEC during the case [1]. His critique also implies that Tenreiro’s career advancement may be seen as undeserved by those who witnessed the mixed results of his litigation efforts. The omission of the Ripple case’s complex outcome from Tenreiro’s professional bio may reflect a strategic decision to bolster his marketability and appeal to potential clients [1].

The Ripple case itself was a landmark event in the crypto industry, not only because it involved one of the largest token holdings but also because it exposed the limitations of applying traditional securities laws to decentralized technologies [1]. The outcome highlighted the need for a more nuanced regulatory approach and contributed to the ongoing debate over whether digital assets should be classified under existing securities frameworks.

As more former regulators transition to private practice or public commentary roles, the demand for transparency in their legal histories is likely to increase [1]. This case serves as a reminder that in an industry still seeking regulatory clarity, the selective presentation of past legal outcomes can be perceived as disingenuous by those who closely follow the evolving landscape of crypto enforcement.

Source:

[1] Bill Morgan Calls Out Tenreiro on Ripple Court Loss - https://coinedition.com/xrp-advocate-slams-ex-sec-counsel-tenreiro-for-omitting-ripple-case-loss-in-bio/

[2] $40 Million in Token Unlocks Loom as Market Faces - https://coinedition.com/40-million-in-token-unlocks-loom-as-market-faces-resistance/