The post Ripple vs SEC: Bill Morgan Rejects ‘Staged Lawsuit’ Claims appeared first on Coinpedia Fintech News
The Ripple vs SEC case continues to take new twists and turns every day. Recently, a crypto expert Jesse from Apex Crypto Consulting shared that the Ripple vs. SEC lawsuit might be more than just a legal battle.
Does Ripple Have Bigger Plans?
According to him, Ripple is deeply connected to big players like central banks and the IMF and its bigger goal might be turning XRP into a global reserve currency, replacing systems like SWIFT. He also pointed out that Ripple has continued to rise without facing any pushback and it may be working with major financial powers behind the scenes.
The expert says that the SEC lawsuit is a strategy to keep XRP’s price low while Ripple expands its global network.
Bill Morgan Rejects “Staged Lawsuit” Theory
However, legal expert Bill Morgan pushed back against the idea that the lawsuit was all part of a planned show. He said that he had never supported this theory, even though the two recent joint motions for indicative rulings were weak and unnecessarily delayed the lawsuit by around three months.
Although the delays are frustrating and there has been little progress, Morgan believes that this is not part of a hidden agenda.
The comments also voiced similar thoughts toward the theory. X Users noted that it’s unrealistic to think Ripple would voluntarily enter a lawsuit, spend hundreds of millions on legal defense, and endure years of uncertainty, just to play out a plan behind the scenes.
They see the delays and motions as standard legal hurdles and argue that such a complex and costly lawsuit would not be staged merely to manipulate public perception or XRP’s price.
There are also growing speculations in the community after Ripple co-founder Arthur Britto made a rare public appearance, just days before Ripple applied for a banking charter and a Fed master account. With both Ripple and the SEC moving to drop their appeals, some believe that a major behind-the-scenes move could be underway.
Experts Say The Case is Not Over Yet
The lawsuit continues with speculations across the crypto community. There were rumors that the case could finally end today. However, a legal expert clarified that these decisions take longer to finalize.
This comes after Ripple CEO Brad Garlinghouse recently revealed that the company is dropping its appeal to officially close this chapter. Attorney Fred Rispoli pointed out that Ripple’s quick move, just a day after Judge Torres’ ruling, suggests that it had already planned for this outcome, likely coordinating with the SEC to move forward smoothly.
