Background Information: The legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) has lasted for several years, and the market previously generally believed that the case had concluded.

Main Event: Pro-XRP lawyer Bill Morgan clarified on social media that the litigation between Ripple and the SEC has not officially ended, and court procedures still need to continue. Although Ripple’s CEO Brad Garlinghouse announced that the case was resolved and the SEC withdrew multiple investigations and lawsuits, the regulatory agency has not officially confirmed this.

Subsequent Development: The lawyer pointed out that Ripple explicitly mentioned the lawsuit for the first time in its Q1 2025 market report, indicating that the SEC requested the court to lift the permanent injunction, but the SEC has not issued an official statement. Ripple’s Chief Legal Officer Stuart Alderoty reiterated that the SEC’s litigation lacks legal basis and expects the SEC to reassess its regulatory framework, which is likely to promote industry development.

Potential Impact: The final outcome of this litigation remains uncertain, and the market needs to pay attention to subsequent court procedures and regulatory developments.

MAG7.SSI

In a recent post shared on X, formerly Twitter, a pro-XRP lawyer clarified the conversation surrounding the Ripple vs SEC legal battle. According to Bill Morgan, the long-standing battle between the U.S. regulatory body and the cryptocurrency firm Ripple has not officially come to an end.The lawyer’s notation has left market players more uncertain, as Ripple participants had already begun to celebrate Ripple’s perceived victory over the previous weeks.Notably, the four-year legal battle reportedly came to a close after Brad Garlinghouse, the CEO of Ripple, made a big revelation in April, stating that the case against the company had been dissolved. “Today is a victory—and a long overdue surrender by the SEC,” he remarked.Ripple proponents were understandably convinced that the firm had emerged victorious, mainly because the SEC had dropped multiple investigations and lawsuits filed against other notable cryptocurrency companies.Remarkably, the regulator is yet to acknowledge and affirm Garlinghouse’s statement officially, although market participants have continued to maintain optimism.However, as the lawyer observed, certainty can only be guaranteed after court proceedings have been carried out. “It [the Ripple vs SEC lawsuit]&nbsp; is not over yet. Things need to happen first in court”. Hewrote.In a follow-up post, the lawyer further highlighted Ripple’s Q1 2025 quarterly market report, noting that the crypto firm has officially referenced the lawsuit.“I think this is the first explicit public reference by Ripple that the SEC agreed to request that the Court vacate the permanent injunction.”Bill Morgan raised concerns over notations on the report, stating that the SEC has officially withdrawn its appeal, despite the SEC commissioner not making any formal statement on the situation.The lawyer’s assertion comes as Ripple’s CLO Stuart Aldertotyreiteratedthat the SEC’s lawsuit was filed without proper legal justification. Aldertoty stays convinced that the SEC will re-evaluate its framework, a move expected to strengthen the industry going forward.

The Ripple and SEC lawsuit is not yet concluded; Pro-XRP lawyers clarify the latest developments.