Bill Morgan Archives - Times Tabloid https://timestabloid.com/tag/bill-morgan/ Cryptocurrency and Blockchain Tabs Wed, 08 Oct 2025 11:26:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://timestabloid.com/wp-content/uploads/2021/08/cropped-Times-Tabloid-Favicon-32x32.png Bill Morgan Archives - Times Tabloid https://timestabloid.com/tag/bill-morgan/ 32 32 There Is Another XRP ETF Filing https://timestabloid.com/there-is-another-xrp-etf-filing/ Wed, 08 Oct 2025 11:31:09 +0000 https://timestabloid.com/?p=85718 Prominent lawyer and digital asset commentator Bill Morgan has drawn attention to a new GraniteShares filing that includes leveraged exchange-traded products tied to XRP. The document, filed with the U.S. Securities and Exchange Commission (SEC), outlines plans for both 3x long and 3x short daily XRP ETFs—mirroring similar proposals for Bitcoin, Ethereum, and Solana. Details […]

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]]> Prominent lawyer and digital asset commentator Bill Morgan has drawn attention to a new GraniteShares filing that includes leveraged exchange-traded products tied to XRP.

The document, filed with the U.S. Securities and Exchange Commission (SEC), outlines plans for both 3x long and 3x short daily XRP ETFs—mirroring similar proposals for Bitcoin, Ethereum, and Solana.

Details of the GraniteShares Filing

The filing, listed under Form N-1A for the GraniteShares ETF Trust, is dated October 7, 2025, and marked “subject to completion.” Within the prospectus, GraniteShares identifies two proposed funds: the GraniteShares 3x Long XRP Daily ETF and the GraniteShares 3x Short XRP Daily ETF. Alongside these are leveraged and inverse ETFs for Bitcoin, Ethereum, and Solana, signaling a broader suite of digital asset products.

The document states that these securities cannot yet be sold or offered until the registration becomes effective with the SEC. It also clarifies that the SEC has neither approved nor disapproved the funds, which is standard for early-stage filings. The prospectus remains incomplete and subject to amendment as part of the regulatory review process.

What the Filing Represents

Form N-1A filings mark the initial step in the SEC registration process for investment companies. By submitting this document, GraniteShares is signaling its intent to launch multiple leveraged crypto-based ETFs pending regulatory approval.

These funds aim to provide three times the daily return—or inverse—of XRP’s price movements, achieved through derivatives and borrowing strategies.

Such leveraged products are designed for experienced investors and typically involve daily rebalancing. Their returns can vary significantly from the underlying asset’s performance over longer periods due to compounding effects and volatility. The inclusion of XRP among the proposed products reflects the increasing institutional and fund-level interest in digital assets beyond Bitcoin and Ethereum.

Regulatory and Market Implications

Although the filing does not confirm that these ETFs will reach the market, it demonstrates continued momentum in the push to create crypto-related financial instruments in the United States. GraniteShares’ decision to include XRP positions it alongside other top-tier digital assets in the leveraged ETF category, subject to SEC review and approval.

As of now, the prospectus remains under examination, and no effective date has been assigned. If approved, the GraniteShares XRP ETFs would mark one of the first leveraged XRP investment products in the U.S. market.

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 advised to conduct thorough 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.

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]]> Lead Counsel for the SEC in the Ripple (XRP) Case Gets New Job https://timestabloid.com/lead-counsel-for-the-sec-in-the-ripple-xrp-case-gets-new-job/ Mon, 25 Aug 2025 19:09:13 +0000 https://timestabloid.com/?p=80114 Prominent lawyer and digital asset enthusiast Bill Morgan shared remarks on social media regarding Jorge Tenreiro, the former lead trial counsel for the U.S. Securities and Exchange Commission (SEC) in the high-profile case against Ripple Labs. Morgan noted that Tenreiro has taken on a new role as a partner at Bernstein Litowitz Berger & Grossmann […]

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]]> Prominent lawyer and digital asset enthusiast Bill Morgan shared remarks on social media regarding Jorge Tenreiro, the former lead trial counsel for the U.S. Securities and Exchange Commission (SEC) in the high-profile case against Ripple Labs.

Morgan noted that Tenreiro has taken on a new role as a partner at Bernstein Litowitz Berger & Grossmann LLP, a major litigation firm.

The firm’s published profile highlights Tenreiro’s leadership at the SEC, where he spearheaded a national civil litigation program involving over 120 attorneys and played a leading role in cases against figures and companies such as Sam Bankman-Fried, Terraform Labs, and Binance.

Tenreiro’s tenure was marked by courtroom successes, including favorable verdicts and rulings in securities fraud matters and crypto-related litigations such as SEC v. Terraform and SEC v. Telegram Group, Inc.

Reference to the Ripple Case

Morgan observed that while the profile emphasizes Tenreiro’s courtroom achievements in cryptocurrency enforcement actions, it omits any mention of his involvement in SEC v. Ripple Labs.

He pointed out that the SEC’s case against Ripple ended in what he described as a “two-thirds loss,” referencing the ruling in which the court found that XRP sales on secondary markets did not constitute securities transactions.

Morgan further noted that although the SEC initially filed an appeal, it later agreed to dismiss it, suggesting that Ripple had achieved success on the most significant issues in the litigation.

Criticism of Legal Approach

In his comments, Morgan characterized Tenreiro’s legal strategy in the Ripple case as unsustainable, specifically critiquing the theory that XRP itself represented or embodied a security.

According to Morgan, this approach ultimately required the court to determine whether XRP as a token could be considered a security, which resulted in a ruling favorable to Ripple. He added that this aspect of the case would be remembered as a defining feature of Tenreiro’s role.

Personal Remarks

Morgan also recalled what he described as an attempt by Tenreiro to attack the reputation of attorney John Deaton, who represented XRP holders as amici curiae in the case.

He referred to that courtroom moment as ignoble and included it in his assessment of Tenreiro’s litigation style during the proceedings. Although Morgan was highly critical, he ended his statement by wishing Tenreiro well in his new position.

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 advised to conduct thorough 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.

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]]> Legal Expert Slams Misinformation After SEC Files Status Report On Ripple (XRP) Appeals https://timestabloid.com/legal-expert-slams-misinformation-after-sec-files-status-report-on-ripple-xrp-appeals/ Sat, 16 Aug 2025 09:44:27 +0000 https://timestabloid.com/?p=78669 The U.S. Securities and Exchange Commission (SEC) has filed its August 15 status report with the U.S. Court of Appeals for the Second Circuit, confirming that the parties have lodged a Joint Stipulation of Dismissal of their cross-appeals. Prominent attorney Bill Morgan has weighed in on the filing, noting that while the step is “a […]

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]]> The U.S. Securities and Exchange Commission (SEC) has filed its August 15 status report with the U.S. Court of Appeals for the Second Circuit, confirming that the parties have lodged a Joint Stipulation of Dismissal of their cross-appeals.

Prominent attorney Bill Morgan has weighed in on the filing, noting that while the step is “a formality,” it leaves space for “another short period of time for posts about Judge Torres making a final order any day.”

With the report submitted, both sides now await the court’s approval for a formal dismissal of the appeals. However, Morgan suggests that many community members who don’t fully understand the timeline will continue sharing misinformation.

Misinformation About Judge Torres’s Role

Despite the straightforward procedural timeline, parts of the community have claimed that a final order from U.S. District Judge Torres could arrive any day. That is inaccurate, as Judge Torres has not had control over this matter since she denied the parties’ request for an indicative ruling months ago.

Once that motion was rejected, the case proceeded within the Second Circuit’s jurisdiction, with Ripple expressing its intention to dismiss its appeal, and the SEC following suit over a month later. Any order concluding the appeals must come from the appellate court upon approval of the dismissal stipulation, not from the district court.

The Road to Dismissal

Morgan has repeatedly corrected these recurring misstatements and explained that the outcome now depends on the Second Circuit. His latest comment emphasizes that the filings already outline what both sides want: dismissal of their appeals. Attorney James K. Filan, who shared the status report, also noted that the dismissal stipulation is pending, reinforcing that the next action rests with the appellate court.

Once the Second Circuit grants the motions to dismiss, the appeals will be terminated. That step would effectively end the long-running legal battle between the SEC and Ripple, consistent with the parties’ filings. It does not require, and will not feature, a fresh “final order” from Judge Torres, as many in the community might still suggest.

The appeals now rest with the Second Circuit, and until the court confirms the dismissal, talk of a district court conclusion is misplaced. What is certain is that both Ripple and the SEC have signaled their intention to close this chapter, leaving the case nearer than ever to resolution.

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 advised to conduct thorough 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.

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]]> Six Major Reasons Wellgistics Health Likes XRP https://timestabloid.com/six-major-reasons-wellgistics-health-likes-xrp/ Sat, 16 Aug 2025 08:30:28 +0000 https://timestabloid.com/?p=78658 Wellgistics Health has rolled out an XRP-based payment system across its national pharmacy distribution network, targeting faster settlement and reduced transaction costs. The initiative has caught the attention of attorney Bill Morgan, who showed that the company’s own published materials outline a clear operational case for adopting XRP. Wellgistics’ decision to adopt XRP is an […]

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]]> Wellgistics Health has rolled out an XRP-based payment system across its national pharmacy distribution network, targeting faster settlement and reduced transaction costs.

The initiative has caught the attention of attorney Bill Morgan, who showed that the company’s own published materials outline a clear operational case for adopting XRP.

Wellgistics’ decision to adopt XRP is an example of blockchain technology being deployed to address measurable business needs rather than speculative interests. The document shared by Morgan shows XRP’s advantages for mass adoption.

Wellgistics’ XRP Integration

Wellgistics Health has launched its XRP-powered payment program. This new system facilitates direct transactions between pharmacies and distributors using the XRP Ledger (XRPL), an infrastructure capable of processing settlements within seconds and functioning continuously without reliance on banking hours.

Wellgistics Health’s network includes thousands of independent pharmacies and over 200 manufacturers, making settlement speed and predictability essential to maintaining uninterrupted supply chains.

By avoiding delays associated with traditional banking systems and eliminating credit card processing fees, the company is positioning the integration as both a cost-saving measure and an operational upgrade.

Why Did Wellgistics Choose XRP?

Wellgistics Health identifies instant settlement as a primary advantage, enabling payments to clear in seconds rather than days. This acceleration improves access to working capital, enabling pharmacies to reorder stock without waiting for funds to become available.

The document also highlighted XRP’s lower fees, which are achieved by avoiding conventional financial intermediaries. This cost saving contributes directly to reduced operating expenses and is a critical factor in high-volume pharmaceutical transactions.

The company also emphasizes the value of continuous availability. With the XRP Ledger processing payments 24/7, transactions can be completed at any time, including weekends and public holidays. This capability ensures financial operations remain aligned with the constant demand for prescription services.

Real-time tracking adds further efficiency by allowing immediate confirmation of funds, reducing administrative overhead, and minimizing the risk of payment disputes. The removal of intermediaries from the settlement chain further shortens processing time and streamlines communication between parties.

Wellgistics CEO Brian Norton has stated that independent pharmacy owners are more forward-thinking than often assumed, recognising the scalability of blockchain and its ability to provide greater control, speed, and transparency in financial operations. This perspective reflects the company’s strategic framing of XRP as a core operational tool.

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 advised to conduct thorough 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.

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]]> Pro-XRP Lawyer: Not This Cycle. XRP Will Not Overtake Ethereum (ETH) https://timestabloid.com/pro-xrp-lawyer-not-this-cycle-xrp-will-not-overtake-ethereum-eth/ Thu, 14 Aug 2025 06:17:40 +0000 https://timestabloid.com/?p=78319 Technical analyst Charting Guy recently shared his perspective on the market performance of Ethereum (ETH) and XRP, noting a shift in dynamics compared to earlier expectations. He explained that in late 2023 and early 2024, XRP appeared to be on track to surpass Ethereum in market capitalization. However, he stated that this is no longer […]

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]]> Technical analyst Charting Guy recently shared his perspective on the market performance of Ethereum (ETH) and XRP, noting a shift in dynamics compared to earlier expectations.

He explained that in late 2023 and early 2024, XRP appeared to be on track to surpass Ethereum in market capitalization. However, he stated that this is no longer the case. Charting Guy revealed that he re-entered Ethereum in April at what he considered near its low point, and since then, the asset has demonstrated significant strength.

According to him, Ethereum is now only 10% away from reaching its all-time high, whereas XRP may have a maximum potential upside of approximately 2.5 times its current value. Even if such growth occurred, he argued, XRP’s market capitalization would still not match Ethereum’s present level.

He advised investors not to be swayed by overly optimistic predictions, recommending instead that they hold both assets and accept the market’s natural course. Charting Guy also emphasized that Ethereum’s recent outperformance was overdue and that he had timed his re-entry to capitalize on it.

Bill Morgan’s Response

Prominent lawyer and digital asset commentator Bill Morgan responded directly to Charting Guy’s statement, making his stance clear. Morgan stated, “Not this cycle. XRP will not overtake ETH.” His comment signaled agreement with the general premise that Ethereum would maintain its lead over XRP in the foreseeable term, at least within the current market environment.

Community Inquiry on Ripple Banking License Impact

The conversation extended further when an X user, Sherrie, posed a question to Morgan. She asked whether, in the event Ripple obtained a banking license, XRP could thereafter have the potential to overtake Ethereum. Morgan addressed the scenario directly, stating, “Not in 2025/this market cycle.”

This reinforced his earlier view, indicating that even a major development such as Ripple securing a banking license would not, in his opinion, be sufficient to shift the market capitalization standings between XRP and Ethereum before the end of the current cycle.

Morgan’s comments align with a cautious approach to market forecasts, underscoring that while XRP has strong advocates and potential catalysts, these factors alone may not be enough to surpass Ethereum’s market position in the short to medium term. His stance suggests a recognition of Ethereum’s entrenched market dominance, supported by its broader adoption and performance trajectory over recent months.

While XRP supporters often highlight potential institutional adoption, cross-border payment utility, and legal clarity following its recent regulatory outcomes, Morgan’s statements point to the broader reality that market dominance depends on a complex mix of factors.

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 advised to conduct thorough 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.

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]]> Legal Expert: “XRP Itself Was, Is, and Forever Will Be, Not a Security” https://timestabloid.com/legal-expert-xrp-itself-was-is-and-forever-will-be-not-a-security/ Fri, 08 Aug 2025 07:10:08 +0000 https://timestabloid.com/?p=77334 Prominent lawyer Bill Morgan has made a definitive statement on XRP’s legal status following the conclusion of Ripple’s case with the SEC. He stated that the issue of Ripple’s programmatic sales and other distributions “is now res judicata” between the SEC and Ripple, and affirmed that those sales were lawful. Res judicata refers to a […]

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]]> Prominent lawyer Bill Morgan has made a definitive statement on XRP’s legal status following the conclusion of Ripple’s case with the SEC. He stated that the issue of Ripple’s programmatic sales and other distributions “is now res judicata” between the SEC and Ripple, and affirmed that those sales were lawful.

Res judicata refers to a matter that has already been adjudicated and is no longer open to further legal challenge between the same parties. XRP’s status is no longer an unresolved regulatory question, and Morgan notes that it has never been a security.

The End of the Legal Battle

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 terminating 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, including the pivotal court ruling that sales on public exchanges did not constitute securities transactions.

Morgan concentrated his commentary on the legal consequences of the dismissal for XRP’s classification and the conduct adjudicated in the litigation. He stated, “XRP itself was, is, and forever will be, not a security.” Notably, Ripple’s Chief Legal Officer Stuart Alderoty reiterated this point throughout the final two years of the legal battle, reminding the community that the court’s decision stands as the “law of the land.”

Morgan also directly challenged Bitcoin maximalists, specifically naming Michael Saylor, who is strongly linked to Bitcoin. He criticized their assertion that XRP and other altcoins should automatically be classified as securities, and added, “go fuck yourselves.”

Where Does XRP Go Now?

A few weeks ago, Ripple CEO Brad Garlinghouse appeared before the U.S. Senate and reaffirmed that XRP is not a security. The end of the legal battle has cemented its status. Morgan congratulated those who remained steadfast throughout the lawsuit and the preliminary investigation, which is believed to have lasted about two and a half years before the case was filed, bringing the total duration to seven years.

The practical effect for Ripple and XRP holders is meaningful. The joint dismissal removes a central point of legal uncertainty. It permits Ripple to pursue commercial objectives without the immediate overhang of legal proceedings.

With the matter now closed and XRP officially confirmed as not a security, those who remained committed through the lengthy battle can look forward to enjoying the benefits of greater market confidence and growth in both adoption and value.

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 advised to conduct thorough 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.

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]]> Ripple (XRP) vs SEC as of August 6, 2025: Appeal Dismissal More Likely to Happen https://timestabloid.com/ripple-xrp-vs-sec-as-of-august-6-2025-appeal-dismissal-more-likely-to-happen/ Wed, 06 Aug 2025 07:14:28 +0000 https://timestabloid.com/?p=77038 The legal battle between Ripple and the SEC is approaching another key date. While the community is excited for what might be the end of the lawsuit, some are spreading misinformation about the current state of the lawsuit and its potential end. Bill Morgan, a well-known community member and attorney closely following the proceedings, has […]

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]]> The legal battle between Ripple and the SEC is approaching another key date. While the community is excited for what might be the end of the lawsuit, some are spreading misinformation about the current state of the lawsuit and its potential end.

Bill Morgan, a well-known community member and attorney closely following the proceedings, has corrected these false assertions, explaining Judge Torres’ current role, the next move the SEC needs to make, and what the XRP army should expect.

Morgan Says Judge Torres’ Role Has Ended

A recent thread on X suggested that Judge Analisa Torres still has a pending role in resolving the case and that a decision from the court is imminent.

Morgan explained that contrary to these claims, Judge Torres has already completed her responsibilities in the matter. However, the appeal itself remains formally unresolved because neither party has yet finalized the necessary joint dismissal.

Morgan clarified that both parties had earlier signed a conditional agreement to dismiss their respective appeals. Still, the conditions were not met, as Judge Torres rejected their joint motion for an indicative ruling that would have put that settlement agreement into effect.

While Ripple has announced its intention to dismiss its appeal, the dismissal process cannot proceed unilaterally. According to Morgan, “We are just waiting for the SEC commissioners to vote on dismissing the appeal.” Following the vote, both parties can take the final steps to make the dismissal of the XRP lawsuit official.

August 15 Is Not a Final Deadline

The upcoming August 15 date has been widely referenced as a potential turning point in the case. While it is true that both parties are expected to file a status update with the appellate court by that date, Morgan emphasized that this is not a legal deadline for resolving the appeals themselves.

Rather, it is a reporting obligation to inform the court about the current status of the appeals. “Dismissal of the appeals may happen, and is more likely to happen than not, before the 15 August deadline,” Morgan noted.

Former SEC attorney Marc Fagel has also stated that the SEC will likely file its dismissal before that date, but emphasized that it is not a deadline. Morgan also left open the possibility that the parties might request another extension.

While Morgan sees an additional extension as unlikely, he acknowledged that the litigation has already defied expectations multiple times. He concluded that nothing should be assumed with certainty until formal steps are taken.

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 advised to conduct thorough 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.

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]]> Legal Expert: Ripple Escrow Has Been the Epicenter of Lies and FUD about XRP https://timestabloid.com/legal-expert-ripple-escrow-has-been-the-epicenter-of-lies-and-fud-about-xrp/ Tue, 05 Aug 2025 10:17:13 +0000 https://timestabloid.com/?p=76905 In the ongoing debate about XRP’s market performance and long-term value, one issue that consistently resurfaces is Ripple’s use of escrow. While many market participants focus on price movements and trading volume, Bill Morgan, a well-respected attorney, has pointed to a deeper concern that has fueled confusion within the crypto space for years. Morgan recently […]

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]]> In the ongoing debate about XRP’s market performance and long-term value, one issue that consistently resurfaces is Ripple’s use of escrow.

While many market participants focus on price movements and trading volume, Bill Morgan, a well-respected attorney, has pointed to a deeper concern that has fueled confusion within the crypto space for years.

Morgan recently addressed what he called a persistent campaign of misinformation surrounding XRP escrow releases. In a post on X, the attorney stated that the escrow system “has been the epicentre of lies and FUD about XRP and XRP price action for years.”

His comment highlights a concern shared by many in the XRP community that inaccurate narratives about Ripple’s escrow practices are contributing to unwarranted fear and skepticism.

Ripple’s Escrow and the Misinformation Problem

Ripple’s escrow mechanism, designed to release XRP monthly, has long been a subject of public scrutiny. While the system was implemented to provide transparency and predictability, critics have frequently claimed that the releases flood the market and suppress price growth.

Morgan, however, argues that such claims are not based on accurate data. He emphasized that falsehoods about the number of XRP released each month have misled not only outsiders but also some within the XRP community.

His remarks were made in response to a post by a community member who highlighted the increasing volume of incorrect information regarding the specifics of XRP escrow activity. Morgan recently mocked critics of the escrow mechanism, as XRP has outperformed other assets apart from Bitcoin and Ethereum.

Experts have explained that Ripple’s escrow system aids XRP’s growth. However, the misinformation remains persistent. It even confuses XRP supporters.

Community Reaction Highlights Broader Frustration

One community member commented on the perceived double standard in how the crypto community treats Ripple’s XRP holdings compared to Bitcoin’s corporate treasuries. The comparison suggests that XRP’s escrow is unfairly criticized, while similar practices by Bitcoin advocates, such as Michael Saylor, are often celebrated or ignored.

He warned that Saylor is trying to play Ripple’s role in Bitcoin’s ecosystem, but the Bitcoin maximalists accept Saylor’s actions while criticizing Ripple and spreading false narratives about XRP.

A Continuing Challenge for XRP Holders

Morgan’s statement reinforces the ongoing challenge for XRP holders seeking clarity in a market often clouded by rumor and speculation. While many detractors constantly attempt to spread false narratives, the XRP community has many experts ready to intervene, ensuring Ripple and XRP don’t drown in misinformation.

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 advised to conduct thorough 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.

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]]> Legal Expert Discredits XRP Escrow Dump Theory, Cites SEC’s Stance https://timestabloid.com/legal-expert-discredits-xrp-escrow-dump-theory-cites-secs-stance/ Tue, 22 Jul 2025 16:00:09 +0000 https://timestabloid.com/?p=75193 Prominent Australian legal expert and XRP advocate Bill Morgan has issued a sharp rebuttal to the persistent belief that Ripple’s escrow system is being used to suppress XRP prices by systematically dumping tokens on retail investors. In a recent thread on X, Morgan cited both historical data and regulatory findings to dismantle what he labeled […]

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]]> Prominent Australian legal expert and XRP advocate Bill Morgan has issued a sharp rebuttal to the persistent belief that Ripple’s escrow system is being used to suppress XRP prices by systematically dumping tokens on retail investors.

In a recent thread on X, Morgan cited both historical data and regulatory findings to dismantle what he labeled the “moronic escrow dump theory.”

Ripple’s Escrow: Then and Now

Morgan began his commentary by posting a side-by-side comparison of Ripple’s XRP escrow holdings over time. In late 2017, Ripple placed 55 billion XRP into escrow to assure the market of a structured and predictable release. As of mid-2025, that number has dropped to 35 billion, demonstrating Ripple’s adherence to its monthly release policy.

The post drew criticism from X user Qubic 1, who mocked XRP holders for believing in the escrow’s integrity, saying, “Have fun being dumped on.” In response, Morgan clarified that even the U.S. Securities and Exchange Commission did not share that view.

SEC’s Recognition of Escrow’s Price-Stabilizing Intent

According to Morgan, the SEC explicitly acknowledged during its multi-year litigation against Ripple that the purpose of the XRP escrow was to buttress the price of the token, not depress it.

“Even the SEC recognised that the escrow was intended to buttress the price of XRP, not deflate it,” Morgan wrote.

He further noted that the SEC cited this as one of the factors contributing to investor expectations of profit from Ripple’s efforts, a key argument in its broader case alleging that Ripple sold XRP as an unregistered security.

This is an important distinction, Morgan argued, because the SEC’s recognition of the escrow’s stabilizing intent contradicts the theory that Ripple is using the mechanism to harm investors.

Transparent Distribution, Not Market Dumping

Ripple introduced the XRP escrow system in 2017 with a smart contract that locked up 55 billion XRP, releasing 1 billion XRP monthly over 55 months. Unused tokens are returned to the escrow, effectively creating a rolling lockup.

Morgan has consistently argued that Ripple’s use of the escrow has been transparent and predictable. The company routinely discloses its XRP holdings and sales in quarterly reports, with most sales directed toward institutional clients using Ripple’s On-Demand Liquidity (ODL) platform, not through open-market retail channels.

Despite this transparency, the “dump” narrative persists among certain segments of the crypto community. For Morgan, the irony is that critics are accusing Ripple of behavior even the SEC didn’t attribute to it.

“An Uber Thread?” Maybe, Maybe Not

Morgan closed his response with a tongue-in-cheek comment, suggesting he might compile all his arguments against the escrow dump theory into one comprehensive post.

“Maybe I should collate all the grounds into one Uber, but can I be bothered?” he mused.

Whether or not that thread materializes, Morgan’s stance is clear: the escrow dump theory has no basis, legal reasoning, or regulatory interpretation. Backed by years of legal scrutiny and regulatory documentation, the XRP escrow mechanism remains one of the most transparent token distribution systems in the industry, and a far cry from the speculative claims still circulating online.

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.

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]]> Ripple (XRP) vs SEC Case: Legal Expert Refutes This Viral Claim https://timestabloid.com/bill-morgan-rejects-claims-that-ripple-lawsuit-is-a-planned-show-to-control-xrps-price/ Wed, 09 Jul 2025 08:30:44 +0000 https://timestabloid.com/?p=73728 The belief that Ripple’s legal battle with the SEC is more performance than prosecution continues to circulate in the crypto community. Some argue that the ongoing case serves a strategic purpose to control XRP’s price while Ripple quietly seals key international partnerships. However, not everyone agrees. Prominent attorney and XRP supporter Bill Morgan recently pushed […]

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]]> The belief that Ripple’s legal battle with the SEC is more performance than prosecution continues to circulate in the crypto community. Some argue that the ongoing case serves a strategic purpose to control XRP’s price while Ripple quietly seals key international partnerships.

However, not everyone agrees. Prominent attorney and XRP supporter Bill Morgan recently pushed back on this narrative, even as he criticized the slow pace of the court process. While many have grown frustrated by the lawsuit’s extended timeline, Morgan maintains that the idea of a staged legal war lacks merit.

Responding to the theory shared by a crypto enthusiast on X, he acknowledged the recent motions filed by both Ripple and the SEC were “weak” and seemed to delay closure “on a hope and a prayer.”

Notably, Fred Rispoli, another well-respected attorney, referred to one of Ripple’s motions as “not the strongest attempt,” suggesting the company could have done better to bolster its arguments for an indicative ruling.

Despite this, Morgan made clear that he never agreed with this theory, suggesting that while procedural choices may be questionable, they don’t point to collusion or manipulation.

The Ripple-SEC Lawsuit So Far

This year began with renewed optimism for resolution. In March, Ripple accepted a reduced civil penalty of $50 million as part of a proposed settlement, while the SEC indicated it would request that the court withdraw the injunction preventing institutional XRP sales.

That momentum stalled when Judge Analisa Torres rejected not one, but two joint motions seeking to vacate the injunction and finalize the reduced penalty. She denied the first joint motion in May because Ripple and the SEC failed to properly invoke Rule 60(b). They framed it as a settlement request, omitting required procedural grounds.

In June, Judge Torres denied the second motion, ruling that the parties had not demonstrated the “exceptional circumstances” required to modify her prior decision. Shortly after, Ripple announced it would drop its cross-appeal, and Ripple CEO Brad Garlinghouse and the XRP community expect the SEC to do the same.

Despite this progress, the case remains unresolved. The final step, which would be a formal SEC withdrawal and court filing, has yet to occur, prolonging the case beyond what many had anticipated.

Morgan’s Position on Delay and Conspiracy

Morgan criticizes the weak joint motions for causing delays, framing them as poor legal strategy rather than deliberate suppression of XRP. However, he rejects claims of manipulation, emphasizing these legal missteps over conspiracy. This distinction is critical, as frustration with the slow process doesn’t prove the lawsuit is a coordinated setup.

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