XRP News Today: XRP Surpasses $3.50 as SEC-Ripple Legal Battle Concludes

Jorge Tenreiro, the former lead counsel for the U.S. Securities and Exchange Commission (SEC) in its protracted legal battle with Ripple Labs over the status of XRP, has joined a prominent law firm as a partner [1]. His professional profile highlights a range of courtroom successes in securities litigation and digital asset enforcement actions [2]. However, it does not mention his role in the SEC v. Ripple case or the legal outcomes that ultimately favored Ripple [3]. This omission has drawn criticism from Bill Morgan, a well-known XRP advocate and digital asset attorney, who noted that the firm’s account overlooks a two-thirds loss the SEC suffered in the case [3].

Morgan argued that Tenreiro’s legal strategy—specifically the theory that XRP itself was a security—was flawed and unsustainable [3]. He emphasized that the court had to determine whether XRP as a token could be considered a security, a question that ultimately led to a favorable ruling for Ripple. This decision became a pivotal moment in the case, shaping the broader regulatory understanding of digital assets and their classification under U.S. securities law.

In addition to the legal arguments, Morgan critiqued Tenreiro’s conduct during the trial, citing what he described as an attempt to undermine the credibility of John Deaton, a lawyer who represented XRP holders in the case [3]. Despite his criticisms, Morgan concluded by wishing Tenreiro success in his new career path.

The SEC’s case against Ripple began in late 2020 and became a landmark in the crypto regulatory landscape. Key rulings, including the 2023 decision by Judge Analisa Torres that XRP was not a security when sold to exchanges, marked a turning point [4]. In August 2025, the SEC and Ripple agreed to a joint dismissal of all appeals, bringing an end to the five-year legal battle [5]. The resolution was widely interpreted as a win for the crypto industry, signaling a potential shift in how digital assets are regulated.

Tenreiro’s transition to private practice coincides with this resolution. While his new role may represent a natural career progression, the timing of his move has led some to speculate about the future of SEC enforcement in the digital asset space [1]. With the Ripple case now settled, the demand for high-profile enforcement counsel in that particular domain may have diminished.

Meanwhile, XRP has shown renewed price momentum, closing above $3.50 for the first time since 2021 [6]. Analysts have attributed this rise to the legal clarity provided by the case’s conclusion, along with growing institutional interest in the token [7]. Some observers have also speculated about the potential for XRP-based ETF approvals and further product innovation in the space [7].

The Ripple case remains a defining legal battle in the cryptocurrency industry, influencing regulatory approaches to digital assets globally. Tenreiro’s departure from the SEC and his new legal career add another layer of complexity to the evolving regulatory and legal dynamics in the sector.

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Source:

[1] Times Tabloid, https://timestabloid.com/lead-counsel-for-the-sec-in-the-ripple-xrp-case-gets-new-job/

[2] AInvest, https://www.ainvest.com/news/xrp-news-today-bill-morgan-slams-tenreiro-omitting-ripple-court-loss-bio-2508/

[3] Coin Edition, https://coinedition.com/xrp-advocate-slams-ex-sec-counsel-tenreiro-for-omitting-ripple-case-loss-in-bio/

[4] Mitrade, https://www.mitrade.com/insights/news/live-news/article-3-1067381-20250825

[5] CryptoRank, https://cryptorank.io/news/feed/f3b34-sec-ripple-joint-dismissal-of-appeals

[6] Yahoo Finance, https://finance.yahoo.com/news/ripple-xrp-price-forecast-short-164334635.html

[7] Facebook · Manuel Guevarra, https://m.facebook.com/manuel.guevarra.369210/photos/xrp-could-be-on-the-brink-of-a-major-breakout-as-a-pivotal-sec-court-dismissal-n/754167770829767/