Many in the XRP community were celebrating, thinking the SEC had ended its fight with Ripple. A tweet from Ripple’s Chief Legal Officer last month made it sound like the SEC had dropped its appeal. Some even said the SEC has now stopped going after every crypto company in the U.S.

But XRP lawyer Bill Morgan stepped in to clear the air — and his message is clear: The case isn’t over yet.

It all started when XRP_CRO, a popular voice in the XRP community, highlighted a tweet from Ripple’s Chief Legal Officer, Stuart Alderoty, last month. The tweet stated that the SEC had completely dropped its fight with Ripple.

Some even began saying the agency had now dropped every case against every crypto company in the U.S.

But Bill Morgan quickly responded to correct the narrative.

Bill Morgan, however, responded with a reality check. He explained that the appeal is not over—it is simply “in abeyance,” or on hold. 

What happens next depends on Judge Torres, who must give a clear signal, called an “indicative ruling.” If the judge gives a positive ruling, the settlement can move forward. 

If not, Ripple may continue with its cross-appeal, and the SEC could revive its own appeal, keeping the case alive. Meanwhile, the SEC is scheduled to file a status report by August 15, 2025.

Don’t Celebrate Too Early

Bill Morgan warned the XRP community not to celebrate too soon. He said the lawsuit has been unfair from the start, calling it a “horrible anti-retail investor” case. In other words, it hurt everyday crypto users more than anyone else.

The SEC may have stepped back for now, but the fight isn’t fully over. Until the judge gives her final say, nothing is confirmed.

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