XRP vs SEC Case: Ripple Attorney Bill Morgan Breaks Silence on the Ongoing Ripple Lawsuit

The crypto community regularly experiences unexpected twists in the ongoing SEC lawsuit against XRP, which continues to dominate regulatory authorities. The latest explosive discovery in the case originated from an enigmatic document that created as many doubts as solutions. XRP attorney Bill Morgan has identified a peculiar detail that adds to the intricate state of the ongoing XRP vs SEC case. The XRP vs SEC case received attention through an enigmatic filing, prompting the SEC to deliver an astonishing response that made the cryptocurrency space doubt XRP’s future trajectory.

A Mysterious Filing Adds Complexity to the Case

Last week, Justin W. Keener filed a request that potentially challenged the XRP lawsuit after he received SEC accusations of operating as an unregulated penny stock dealer. Keener says his evidence will critically affect the lawsuit’s resolution. A unique legal document submitted to a court system has caused intense unease and sparked many theories about its effects throughout the cryptocurrency community.

The recent document submission caused puzzlement and received intense attention from legal experts and business insiders. The evidence submitted by Keener created the impression that it would influence the ongoing XRP vs SEC case, although its definitive impact remains unknown. An expert legal opinion from Marc Fagel categorized the filing as nothing more than “spam,” deepening the existing uncertainty about the matter. The strange filing by Keener has attracted Bill Morgan’s notice since several unusual circumstances persist in the ongoing case. 

SEC’s Response: Rejection and a Contradictory Stance on the Appeal

Keener’s filing has received a response from the SEC that added more challenges to the existing case complications. The oversight agency blocked Keener’s request because it found the petition improper, recommending denial. The SEC declared that the filing contained a court determination of summary judgment and processing of remedies within the XRP lawsuit despite appellate challenges. During the ongoing appeal process, the court lacks the competency to review any requests concerning these disputed matters.

Such an odd thing that Ripple say the Appeal and Cross-Appeal is settled but the SEC writes to Judge Torres that the matter is still on appeal. Settled but not quite over. https://t.co/TpNv2DcKoE pic.twitter.com/XFAKJAzUUP

— bill morgan (@Belisarius2020) April 9, 2025

Ripple believes that the appeal and cross-appeal already exist as settled decisions despite opposing claims from the SEC. According to Bill Morgan, the settlement claims Ripple makes about the XRP contradict statements from the SEC, which indicates the appeal process remains active. The opposing perspectives between the Ripple lawsuit and the SEC further complicate the current legal situation in the lawsuit. The case’s future motion remains uncertain because Ripple’s legal team and the SEC face essential points of disagreement following their disagreements.

What’s Next for XRP?

The XRP case continues to shape the entire crypto industry because it will establish important rules regarding digital asset regulation across the U.S. Investors intensely monitor the progress of the ongoing case to determine its potential effect on cryptocurrency and blockchain technology regulations.

A legal expert, Fred Rispoli, predicts the Ripple lawsuit will be resolved within two months. The case appears likely to stretch further than anticipated as the SEC made conflicting statements and introduced mysterious filings amid the ongoing XRP case. The developments involving the SEC’s opposition to Keener’s filing and the unclear appeal status have created further ambiguity regarding XRP’s future.

Ripple’s legal representatives believe that all uncertainties will result in a final victory for their organization. The successful outcome of the Ripple lawsuit could lead to better definitions of cryptocurrency regulations. The crypto community maintains high optimism regarding XRP’s future and the entire industry while the Ripple-SEC case grows longer.