Bill Morgan, a lawyer for Ripple, commented on the legal status of XRP, refuting some allegations and highlighting the impact of court decisions on the cryptocurrency market.
Ripple Lawyer Counters XRP Security Allegations
Bill Morgan, a Ripple lawyer, responded to claims about XRP’s supposed lack of legal clarity. **He stressed** that a judge found XRP [not to be a security](https://coincentral.com/xrp-lawsuit-ripple-lawyer-defends-tokens-legal-clarity-on-x/), countering misinformation.
Ongoing Legal Dispute Affects XRP Market Perception
Continued legal proceedings affect **XRP's market position** and investor relationships. Unresolved legal status perpetuates financial [market uncertainty](https://www.binance.com/en-IN/square/post/25059933262905). Allegations about XRP lacking institutional support spark **debates in the crypto community.** **Market intricacies** hinge on Ripple’s legal clarity.
2023 Ruling Distinguishes XRP from Bitcoin
Judge Torres' 2023 ruling determined **XRP not a security** in secondary market sales, unlike Bitcoin's regulatory [status perceptions](https://www.tronweekly.com/xrp-has-more-legal-clarity-than-bitcoin-says/). **This historical ruling** distinguishes XRP in legal matters. Morgan suggests judicial rulings offer **more legal assurance** than regulatory assumption.
The outcomes of the Ripple case continue to impact XRP's perception within the cryptocurrency community. Legal clarity provided by judicial rulings may prove to be a key factor for the future market positioning of this cryptocurrency.
