Bill Morgan, a prominent lawyer, has made a definitive statement on the legal status of XRP following the conclusion of Ripple's case with the SEC. He affirmed the legality of XRP sales.
Final Verdict and Its Consequences
On August 7, 2025, the SEC and Ripple jointly filed a stipulation of dismissal with the U.S. Court of Appeals for the Second Circuit, formally ending both the Commission's appeal and Ripple's cross-appeal. By withdrawing the appeals, the parties foreclosed further appellate review of the district court's earlier determinations.
Legal Aspects of XRP's Status
Morgan noted that XRP's status is no longer an unresolved regulatory question. He previously asserted that XRP is not a security: "Sales and distributions of XRP were lawful."
Future of XRP After the Lawsuit
With the legal battle concluded, XRP's classification as not a security has been solidified. This allows Ripple to focus on commercial objectives without the shadow of ongoing litigation. XRP holders can now look forward to increased market confidence.
The conclusion of the Ripple and SEC case lays the foundation for the future of XRP and creates conditions for potential growth and expanded use.
