In a plot twist worthy of daytime soap operas, Judge Analisa Torresâwho, by the way, probably has better things to doâshot down Ripple and the SEC’s attempt to call it quits on their legal pissing contest. Apparently, wrapping things up wasnât in the cards. Who knew? đ€·ââïž
This means our beloved crypto gladiators are still swinging, and the headline âXRP Has No Legal Clarityâ might just be the biggest whopper of the year. Because, guess what? Judge Torresâwhose word is apparently gospelâhas already decreed XRP isnât a security. So, sip your coffee and try not to choke when someone claims XRP is just floating in legal limbo like a refugee from a bad fantasy novel. ââš
Does XRP Have Legal Clarity? Or Is It Just a Clever Ruse? đ©
Meanwhile, online rumor mills are churning out gems like: âXRP has no institutional backingâ and âNo CBDCs run on XRPL, and only Bitcoin owns Americaâs reserves.â Okay, try saying that with a straight face. Pro-XRP lawyer Bill Morganâwho might actually watch too many courtroom dramasâwas quick to call that claim âthe biggest lie Iâve seen in crypto this year.â Because, as he points out, the court already said XRP is not a security. And the SEC was too busy twiddling their thumbs to challenge it. đ
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.
â bill morgan (@Belisarius2020) June 1, 2025
Someone then argued that the judgeâs comments were merely dictaâwhich in legalese means ânot really binding, but still impressive.â Morgan, unfazed, responded that even dicta can provide some *serious* legal clarity. He explained that Judge Torresâs reasoning carries weightâso much that itâs persuasive enough to make Bitcoin look like a total mess. âBitcoin has less clarity than a foggy day in San Francisco,â he quipped. đ¶ââïž
So Whatâs Next? A Final Chapter or Just More Drama? đ
Despite all the courtroom theatrics, most experts agree the saga isnât over. The rejected filing might have annoyed everyone, but it doesnât shake XRPâs legal standingâunless youâre a fan of watching money burn. The SEC and Ripple will revisit their penalty negotiations, but overall, the big pictures remain unchanged. So, sit back, sip on your crypto Kool-Aid, and enjoy the chaos. đč
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2025-06-02 06:56