XRP News Today: Ripple vs SEC Lawsuit Not Staged, Legal Experts Confirm

A legal expert has disputed claims that the ongoing lawsuit between Ripple and the Securities and Exchange Commission (SEC) is a staged event aimed at controlling the price of XRP. The expert, Bill Morgan, has refuted the theory that the lawsuit is a setup, citing the costly delays and legal realities involved in such a high-profile case. Morgan's stance is supported by other legal experts who have pushed back against the notion that the lawsuit is more performance than prosecution. They argue that the legal battle is genuine and that the claims made by the SEC are being taken seriously by the court.

The Ripple vs. SEC lawsuit has been a contentious issue within the crypto community, with some believing that the legal battle is more about showmanship than actual prosecution. However, Morgan and other attorneys have dismissed these claims, stating that the lawsuit is a genuine legal dispute with significant implications for the cryptocurrency industry. The expert's comments come amid growing uncertainty and regulatory shifts in the crypto space, as the SEC continues to scrutinize various digital assets and their issuers.

On July 10, 2025, the SEC conducted a closed-door session, indicating that the case could actually change. This trend implies that the SEC might move its position. The case is perceived as a standoff by both sides, but this encounter can alter that. Today, the CEO of Ripple testified before the U.S. Senator in support of a banking license. This kind of license would give Ripple a freer hand in the U.S market.

Ripple CEO Brad Garlinghouse announced in late June 2025 that Ripple is dropping its cross-appeal in the case, a move that has been widely interpreted as a strategic decision to focus on the core issues at hand. The SEC is also expected to withdraw its own appeal, which could signal a turning point in the lawsuit. The legal expert's refutation of the 'staged lawsuit' claims comes as the case nears a key moment, with the SEC scheduling important meetings and hearings.

The legal expert's comments also challenge the impact of the Ripple ruling on the broader cryptocurrency market. Morgan has refuted claims that the impending decision in the Ripple lawsuit will redefine the legal status of cryptocurrencies. He argues that the outcome of the case will have specific implications for Ripple and XRP, but it may not set a precedent for the entire industry. This perspective is shared by other legal experts who have dismissed the idea that the lawsuit is a planned show, citing legal facts and enforcement behavior.

The legal battle between Ripple and the SEC has significant implications for the cryptocurrency industry, as it could set a precedent for how digital assets are regulated in the future. The expert's refutation of the 'staged lawsuit' claims underscores the importance of taking the legal dispute seriously and recognizing its potential impact on the broader market. As the case continues to unfold, legal experts and industry observers will be closely watching for any developments that could shape the future of cryptocurrency regulation.