XRP advocate Bill Morgan has criticized former SEC lawyer Jorge Tenreiro for not mentioning his defeat in the Ripple case in his new biography.
Criticism and Omission of Defeat
Bill Morgan pointed out that Tenreiro omits his defeat in the Ripple case despite his public achievements in other cases. This omission indicates a more significant loss than the lawyer would like to acknowledge.
Ripple Case Strategy Under Fire
Morgan also criticized Tenreiro's legal strategy, highlighting that his claim that XRP was a security is unsustainable. The court ruled that XRP is not a security, which undermined SEC's overall enforcement agenda.
Ripple's Final Ruling
Ripple recently secured a decisive victory as the U.S. Court of Appeals closed the SEC case, concluding over four years of litigation. Judge Analisa Torres's ruling confirmed the distinction between institutional sales of XRP and secondary market transactions, providing much-needed regulatory clarity.
Morgan's criticism emphasizes how omitting Ripple's victory shapes public perception of Tenreiro's record. For the XRP community, the final ruling remains a defining win.
