Bill Morgan, a staunch defender of XRP, has taken up his pen-or rather, his keyboard-to skewer Jorge Tenreiro, the former champion of the SEC in the epic saga that was the Ripple case. One can almost hear the echoes of gavels and sighs in the corridors of justice. ⚖️
XRP’s Champion Strikes Back at SEC’s Top Gun
In a flurry of posts on X, Morgan unmasked the curious case of Tenreiro, now a polished partner at a prestigious law firm, whose résumé proudly cites courtroom victories in crypto enforcement, yet quietly tiptoes around his two-thirds defeat in the Ripple battle. And the appeal? Yes, the SEC itself waved it goodbye. 🫣
Morgan’s wit was sharp as a rapier: even Tenreiro must acknowledge that Ripple triumphed in the essential matters. “Ah, the unsustainable legal theory of XRP being a security,” Morgan mused with a smirk, recalling how Judge Torres extinguished that notion like a candle in the wind. 🕯️💨
The pro-XRP lawyer didn’t stop there. He slyly referenced Tenreiro’s attempt to tarnish John Deaton’s character before the court-a man whose loyalty to crypto rivaled the most steadfast knights of yore. Meanwhile, Tenreiro’s adventures continued in the realm of Binance, Terraform Labs, and the fabled SBF of FTX. As fate would have it, some cases fell like autumn leaves, while others remained stubbornly upright. 🍂
The Ripple Saga Draws to a Close
After nearly five years of courtroom skirmishes, the Ripple lawsuit has finally reached its denouement. The Appeals Court, with a flourish of judicial pens, approved the Joint Stipulation of Dismissal, and thus the appeals have been abandoned by both parties. 📜
Yet, victory carries a price: Ripple must now settle the $125 million judgment decreed by Judge Torres, a sum far above the $50 million that had previously been imagined in a fleeting, overly optimistic settlement. One can almost hear the accountants sigh. 💸
Meanwhile, XRP trades at $2.94, a modest stumble of nearly 3% in a single day, as if to remind us that even in triumph, the markets have their own sense of humor. 📉
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2025-08-26 17:17