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Legal Expert Slams “Biggest XRP Lie” of the Year

Prominent crypto lawyer Bill Morgan has strongly refuted what he calls the "biggest lie" circulating about XRP this year — the claim that the token lacks legal clarity.

On June 1, 2025, Morgan responded to a post on X (formerly Twitter) in which a user argued that XRP has no legal standing, is unsupported by major institutions, and plays no role in the development of central bank digital currencies (CBDCs). Morgan, a well-known supporter of Ripple and XRP, did not hold back.

> “This is a lie. XRP has been found by a judge not itself to be a security. The SEC appeal did not challenge that finding. To say XRP has no legal clarity is the biggest lie I have seen in crypto this year,” Morgan wrote.

He referenced Judge Analisa Torres’s landmark ruling in July 2023, which determined that while Ripple’s institutional sales of XRP did constitute securities transactions, XRP itself — as a digital asset — is not inherently a security. The decision marked a significant legal milestone for Ripple and the broader crypto industry.

Importantly, when the SEC appealed parts of the ruling in October 2024, it did not dispute the key finding that XRP itself is not a security. Morgan emphasized that this fact alone gives XRP more judicial clarity than many other cryptocurrencies, including Bitcoin.

> “The case was not about classif#ication. Judges just decide the issues in the case. The case was about whether Ripple’s sales of XRP were securities. Thanks to the Judge’s obiter, XRP has