XRP has more legal clarity than Bitcoin, as it is not considered a security in secondary market sales according to a 2023 ruling by Judge Torres which the SEC did not appeal.
In the SEC vs. Ripple lawsuit, a joint settlement request was rejected by U.S. District Judge Analisa Torres, keeping the case ongoing and reigniting debates over XRP's legal status.
Lawyer Bill Morgan refuted misinformation claiming XRP lacks legal clarity, emphasizing that XRP has judicial clarity and is not considered a security, unlike Bitcoin.
Despite the rejected settlement request, the core outcome of XRP's legal standing remains intact, providing reassurance to investors as Ripple and the SEC continue discussions over penalties.