{"content":"Ripple's legal advisor, Bill Morgan, has publicly refuted claims that $XRP {spot}(XRPUSDT) lacks legal clarity, labeling such assertions as "the biggest lie in crypto." This statement comes in response to ongoing debates about the regulatory status of XRP within the cryptocurrency community. The controversy stems from the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple Labs, initiated in December 2020. The SEC alleged that Ripple's sale of XRP constituted an unregistered securities offering. However, in July 2023, U.S. District Judge Analisa Torres ruled that XRP is not a security when sold to the general public on cryptocurrency exchanges, though institutional sales might be considered securities. Despite this ruling, the SEC filed an appeal in October 2024, challenging the decision regarding retail sales. This legal maneuver has reignited discussions about XRP's regulatory status. In March 2025, the SEC announced the dismissal of its lawsuit against Ripple, marking a significant development in the case. This decision was seen as a positive shift in the regulatory landscape for cryptocurrencies. Morgan's assertion emphasizes the importance of acknowledging the legal progress made regarding XRP. He argues that perpetuating the narrative of legal ambiguity undermines the judicial decisions that have clarified $XRP 's status, at least in certain contexts. #FTXRefunds #BinanceAlphaAlert #MarketPullback #xrp ","images":[],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}