The long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is finally coming to an end, bringing clarity not just for Ripple and XRP but for the broader cryptocurrency industry. Legal expert and prominent commentator Bill Morgan marked the conclusion by highlighting four key victories that Ripple has secured through this landmark case. Programmatic Sales Are Not Investment Contracts One of the most significant moments in the case came in July 2023, when U.S. District Judge Analisa Torres ruled that Ripple’s programmatic sales of XRP, those conducted on public exchanges, did not constitute securities transactions. This was a major blow to the SEC’s theory and a huge win for Ripple. As Bill Morgan noted, “commonsense has prevailed.” The court found that purchasers in the secondary market had no reasonable expectation of profits based on Ripple’s efforts, which disqualified such transactions under the Howey Test. The SEC v Ripple lawsuit is finally, finaly, OVER. Commonsense has prevailed. Programatic sales are not investment contracts. Ripple has found other ways to sell XRP to institutions XRP itself is not a security https://t.co/myX2lazO3S — bill morgan (@Belisarius2020) June 27, 2025 XRP Is Not a Security Judge Torres also ruled that XRP itself is not a security. This ruling was crucial because it established that the token, on its own, is not inherently an investment contract. The SEC’s attempt to label all XRP as a security was unequivocally rejected by the court. Morgan rightly emphasized this point in his summary, reinforcing the fact that the ruling brings clarity to how XRP is classified going forward. The Lawsuit Is Now Officially Over On June 27, 2025, Ripple CEO Brad Garlinghouse confirmed that the company will drop its cross-appeal , and that the SEC is expected to do the same, finalizing the lawsuit for good. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 While the SEC had initially sought to appeal certain parts of the 2023 ruling, it has promised to withdraw the appeal. With both sides stepping back, the case is now fully closed. Morgan’s statement that it’s “finally OVER” is not just celebratory, it’s legally accurate. Ripple Has Established Compliant Institutional Sale Methods While Ripple did lose on the issue of institutional sales, which the court ruled did violate securities law, the company has since adapted. Ripple faced a proposed $125 million civil penalty, which it moved to settle for $50 million. Although Judge Torres initially rejected that settlement, both sides have signaled their willingness to bring the matter to a close. In the meantime, Ripple has found compliant avenues to continue institutional sales of XRP, demonstrating resilience and adaptability. A Clearer Path for Crypto The conclusion of this case removes a major source of regulatory uncertainty hanging over XRP and the U.S. crypto market. Ripple’s legal victory sets a precedent that could influence other token-related cases and gives the industry a clearer understanding of what constitutes a security. XRP has responded positively in the markets, gaining 4.26% in 24 hours. This reflects renewed investor confidence. Bill Morgan’s summary captures what many in the crypto world feel: four decisive victories that not only clear XRP’s name but pave the way for a more defined regulatory future. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Legal Expert Marks Four Major Victories for Ripple and XRP appeared first on Times Tabloid .
