• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
XRP Ledger

Pro-XRP Lawyer Declares SEC’s Battle Over XRP Non-Security Status Has Come To An End

Godspower Owie
by Godspower Owie
1 year ago
·
Posted in XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Amid the legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) regarding XRP’s non-security status, Bill Morgan, a well-known pro-XRP lawyer has shed his take on the lawsuit.

War Over The Non-Security Status Of XRP Has Ended

On Thursday, January 11, Morgan took to the social media platform X (formerly Twitter) to express his belief in the legal dispute between the two firms. In the post, the pro-XRP lawyer declared that the battle between Ripple and the SEC over XRP’s non-security status has come to an end.

Related Reading: Ripple Vs. SEC: All Quiet On The Battle Front, Legal Expert Explains Why

The X post came in response to the commission’s latest motion in the ongoing case. According to Morgan, now that the war is over, “the battle for post-complaint ODL sales since December 2020 has just started.” 

Morgan’s X post was accompanied by a screenshot of a section in the SEC’s most recent filing. It noted that the agency detailed its attempt to file an interlocutory appeal at an earlier stage of the lawsuit.

As previously reported, the regulatory watchdog submitted a new motion yesterday. The motion requires that Ripple turn over two crucial papers and reply to an interrogation.

The documents that the SEC requests pertain to Ripple’s audited financial statement from 2022 to 2023 and the firm’s post-complaint contract controlling its institutional sales of XRP. 

The attorneys for the SEC also stated in their most recent motion that they were requesting permission to launch an interlocutory appeal to contest Judge Analisa Torres’ decision that some of Ripple’s offerings of the digital asset and sales were not securities. 

This comes after Judge Torres had specifically declared that Ripple’s programmatic sales and other XRP distributions were not against the law. In addition, she discovered that contrary to what the commission said, the token is not a security in and of itself.  

So far, Morgan has stressed that the members of the community might witness a fierce legal tussle during the remedies phase. This is due to the objection of all the SEC’s requests for documents and interrogatories by Ripple Labs.

Deadline For Full Discovery Phase

Originally, the recent filings by the agency concentrated on sales of the token to institutional investors. These are the first official motions made by Ripple and the SEC regarding the lawsuit remedies phase.

Related Reading: Ripple vs SEC Lawsuit: Community Pushes Back On Claim That XRP Has No Value

The SEC vs. Ripple lawsuit’s remedies aspect is presently in the discovery phase.  By February 12, both Ripple and the SEC are expected to conclude all remedy-related discoveries.

After the submission of remedy-related documents and a reply brief from the SEC, Judge Torres will assess the adequate penalty for Ripple’s sale of XRP to institutional investors.

The SEC is aiming for the $770 million that was realized from XRP sales to institutions. The required statements will provide the regulator with information about the cost and earnings related to these institutional sales.

XRP
XRP trading at $0.596 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from iStock, chart by Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Godspower Owie

Godspower Owie

Follow

Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

Full Profile

Related Posts

XRP

XRP Analyst Highlights ‘Most Important Video,’ What’s In It?

8 hours ago
XRP price

Are XRP Futures ETFs Good For The Price? Expert Breaks Down What You Should Know

9 hours ago
XRP

Financial Analyst Reveals How XRP Will Bridge Physical And Digital Value

12 hours ago
XRP price

XRP Update: Latest Ripple Wins That You Should Know About

3 days ago
XRP

Investment CEO Highlights Why Ripple’s XRP Has The Strongest Utility In The Industry

3 days ago
Ripple

Pro-Ripple Lawyer Reveals Why He Will Be Panic Buying XRP Amid ETF Race

3 days ago

Premium Sponsors

Press Releases

  • XRP Price Prediction 2025: Analysts Predict $5 to $12...

    23 minutes ago
  • Best Crypto to Buy: Michael Saylor Unveils Bitcoin Risks as Tapzi, Arbitrum Eye Major Upside.

    Best Crypto to Buy: Michael Saylor Unveils Bitcoin Risks as...

    45 minutes ago
  • ตัวการ์ตูน Snorter ขนสีน้ำตาลทำหน้าทะเล้นพื้นหลังสีฟ้า

    เหลืออีก 7 วัน! Snorter Bot Token...

    3 hours ago
  • Bitcoin Hyper ระดมทุนพุ่ง 23...

    22 hours ago
  • Magacoin Finance: Learn Why Traders are Snapping Up the First and Only MAGA-Themed Cryptocurrency.

    Magacoin Finance: Learn Why Traders are Snapping Up the...

    23 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.