He believes distributing the full 1 billion XRP allocation every month, without relocking any portion, would have eliminated the escrow balance by the second half of 2023. His comments also challenge the recurring criticism surrounding Ripple’s monthly escrow releases and calls for the company to burn the remaining tokens.

Morgan Revisits Ripple’s 55 Billion XRP Escrow

In his post on X, Morgan recalled that Ripple established its escrow system in December 2017, placing 55 billion XRP into 55 separate contracts.

Under the arrangement, up to 1 billion XRP becomes available for release each month. However, Ripple has historically returned portions of the unlocked tokens to new escrow contracts rather than distributing the entire amount.

Morgan questioned why the company did not simply release the full 1 billion XRP allocation into the market every month.

He suggested that removing the option to relock unused tokens would have forced Ripple to distribute the entire monthly allocation. Under that approach, the original 55 billion XRP escrow balance would have been exhausted by the second half of 2023.

Morgan also estimated that XRP’s circulating supply would now represent approximately 95% of its total 100 billion supply.

My biggest complaint about Ripple is that they set up the escrow in December 2017 and placed 55 billion in escrow in 55 contracts and didn’t just distribute 1 billion per month since then.

If they did not have a discretion to distribute just some of it to the market and re-lock…

— bill morgan (@Belisarius2020) November 1, 2026

Lawyer Criticizes Repeated Complaints About Escrow

Morgan’s argument focuses heavily on the criticism Ripple receives over its escrow arrangements. He believes completing the distribution earlier would have removed one of the main subjects frequently raised by XRP critics.

He specifically referred to complaints about Ripple releasing XRP into the market and demands for the company to burn its remaining escrow holdings.

Morgan questioned what critics would focus on once Ripple eventually distributes all the tokens. He suggested that those who currently blame the escrow system for XRP’s price performance would simply find another reason to criticize the company.

His comments reflect his frustration with the repeated arguments surrounding escrow releases and their influence on discussions about XRP’s market performance.

Community Members Disagree Over the Escrow’s Market Impact

The comments beneath Morgan’s post presented different views on the importance of Ripple’s escrow arrangements.

CASCADE supported Morgan’s position, describing complaints about escrow as largely meaningless. The commenter maintained that XRP would serve its intended purpose regardless of retail investors’ opinions and argued that retail holders control only a small portion of the asset’s supply.

Digital Finance Daily offered a different assessment, arguing that Morgan’s hypothetical approach overlooks basic supply-and-demand principles.

The commenter explained that releasing the entire 1 billion XRP every month without relocking unsold tokens could have overwhelmed available market demand. Such consistent supply could have created significant selling pressure, weakened liquidity and pushed XRP’s price considerably lower.

Digital Finance Daily also challenged the assumption that completing the escrow distribution would automatically benefit XRP’s price. The commenter stressed that removing future escrow releases would reduce one source of potential selling pressure, but would not independently create demand.

The response further questioned whether institutional adoption and actual XRP transaction activity would generate sufficient buying pressure to support the asset’s valuation once the escrow runs out.

Ultimately, the exchange presents two separate questions about XRP’s escrow system: whether Ripple could have distributed its holdings faster and whether the market would have been able to absorb that supply without significant consequences for XRP’s price.

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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Digital Asset Investor, the crypto commentator behind the @digitalassetbuy account on X, addressed this disparity in a recent tweet. He cited XRP’s unique status among major digital assets: “The only digital asset on that list to undergo a 5 year SEC lawsuit is XRP.”

He added that XRP had surpassed Ethereum in price and was closing in on Bitcoin before what he described as coordinated attacks on the asset. He also reported a message he received at the Evernorth listing on NASDAQ from conversations with Ripple: “All roadblocks have been removed.”

Bill Morgan Pushes Back on the Lawsuit Narrative

Australian lawyer and digital asset commentator Bill Morgan responded with a more critical take. Morgan argued that the SEC litigation no longer holds up as an explanation for XRP’s price performance.

“The lawsuit cannot be an excuse all the time for XRP’s current price,” Morgan wrote. “That excuse is getting quite old.”

Morgan noted that XRP has fallen 45% over the past 12 months and approximately 60% since Ripple and the SEC resolved their legal battle on 7 August 2025. He said the settlement produced no lasting price recovery.

“It seems the settlement of the lawsuit caused no lasting positive effect on price,” Morgan wrote.

He acknowledged that positive lawsuit developments did lift XRP’s price in the short term but said those gains were consistently erased. He noted that expectations of a settlement drove more market activity in the months before August 2025 than the actual resolution did. However, most of those gains have since been erased over the past 13 months.

The lawsuit cannot be an excuse all the time for XRP‘s current price. That excuse is getting quite old. XRP price has fallen 45% in the last 12 months and about 60% since the litigation with the SEC was finally resolved on 7 August 2025. The lawsuit was always an overrated and… https://t.co/TduMk4XFvM

— bill morgan (@Belisarius2020) October 18, 2026

A Maturing Market Demands More Than Legal Wins

Morgan described the lawsuit as “always an overrated and exaggerated excuse” in his view. His position is that XRP’s price performance must now stand on fundamentals, adoption, and utility rather than on legal outcomes.

The data supports his skepticism. While much of the crypto market has recovered and surpassed its 2017–2018 cycle highs, XRP remains the only major token on CoinDesk’s comparative chart still trading well below its peak from that period.

Whether the removal of the legal obstacles identified by Ripple will translate into a sustained price recovery remains uncertain.

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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In a post on X, Morgan challenged the logic of individuals who dedicate significant time to discrediting an asset they publicly dismiss as worthless.

Morgan noted the contradiction at the center of the behavior. People who call XRP a scam still return repeatedly to spread negative sentiment about it. He noted that the time investment alone undermines their stated position.

“What does it say about the value they place on their own time if they spend so much of their own time degrading a crypto asset that they believe has no value?” Morgan wrote.

He offered two possible explanations. Either the critics receive payment for their activity, or their time carries so little personal value that they have nothing else to occupy it. Morgan added that the second possibility may overlap with what he called “abject stupidity.”

Morgan also considered engagement farming as a motive but ruled it out as most of the accounts in question hold small followings and generate minimal interaction.

Just think of the mentality of people who state XRP is a scam and has no value but spend hours and hours taking the trouble on the X platform to keep repeating this proposition and spreading FUD against XRP.

What does it say about the value they place on their own time if they…

— bill morgan (@Belisarius2020) October 16, 2026

Responses Offer Competing Perspectives

The post drew a range of replies. One commenter pushed back on Morgan’s framing and offered an alternative explanation. The commenter noted that some critics may hold XRP themselves and object to the culture of exaggerated price predictions and unverified narratives that have surrounded the asset across multiple market cycles.

“None of the predictions have ever come true, zero,” the commenter wrote, adding that some critics may act out of an ethical concern for ordinary investors who could be misled by inflated claims.

Another commenter, Gio, agreed with Morgan’s psychological observation but redirected the discussion toward a structural question about XRP’s role within Ripple’s evolving business model. Gio pointed to Ripple’s expansion into enterprise stablecoin infrastructure through RLUSD and asked how XRP maintains its central position if banks can now settle using tokenised fiat without holding the native token.

“Legally we won, but functionally, how does Ripple’s massive pivot into corporate stablecoins directly force enterprise demand back onto the native XRP token?” Gio asked.

A Question Without a Clear Answer

Morgan closed his post by inviting readers to suggest relevant psychiatric theories to explain the behaviour. The post generated substantive debate, with responses ranging from ethical defences of criticism to strategic questions about XRP’s long-term utility within the Ripple ecosystem.

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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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.

There is another filing, this time from GraniteShares, for an XRP ETF that includes 3x long and 3x short leveraged investments with exposure to XRP price.
Similar products for Bitcoin, ethereum and Solana.$XRP pic.twitter.com/3oMHVN6arA

— bill morgan (@Belisarius2020) October 7, 2025

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.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

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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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.

Lead counsel for the SEC in the Ripple case, Jorge Tenreiro, is now a partner at a major law firm.

His profile refers to some of his courtroom successes in crypto enforcement litigation but oddly overlooks and does not mention his two-thirds loss in SEC v Ripple and the Appeal… pic.twitter.com/uKDQiMO4MB

— bill morgan (@Belisarius2020) August 24, 2025

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.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

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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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.

It’s a formality but we can enjoy another short period of time for posts about Judge Torres making a final order any day https://t.co/UNxlXl4RUF

— bill morgan (@Belisarius2020) August 15, 2025

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.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

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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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.

Why Wellgistics Health likes XRP https://t.co/zXROACmD8B pic.twitter.com/3DnEQ7sDby

— bill morgan (@Belisarius2020) August 15, 2025

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.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

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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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.

Not this cycle. XRP will not overtake ETH https://t.co/YyVgPgaoOS

— bill morgan (@Belisarius2020) August 12, 2025

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.”

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— TimesTabloid (@TimesTabloid1) June 15, 2025

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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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 issue of Ripple programmatic sales of XRP in the manner sold until 2020 and other distributions, that were not sales to institutions, is now res judicata as between the SEC and Ripple. Those sales and distributions were lawful.

XRP itself was, is, and forever will be, not…

— bill morgan (@Belisarius2020) August 7, 2025

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.”

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— TimesTabloid (@TimesTabloid1) June 15, 2025

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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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.

The contains inaccuracies. There is no decision pending from the Court.

Judge Torres’ role is over.

We are just waiting for the SEC commissioners to vote on dismissing the Appeal and the parties to take that final step dismissing their respective appeals.

Ripple already… https://t.co/ZTQozwlVv9

— bill morgan (@Belisarius2020) August 5, 2025

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.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

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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