- Prominent attorney Bill Morgan dismissed concerns over Bitcoin advocates’ criticisms, emphasizing the Ripple XRP community’s confidence despite years of scrutiny.
- Market speculation surrounds the Ripple vs. SEC lawsuit, with legal expert James Murphy suggesting a potential settlement before Ripple’s April 16, 2025.
The Ripple vs Bitcoin showdown has escalated to the next stage as discussions about the US strategic reserves for crypto move ahead. As a result, the discussions between the BTC and XRP communities have hit new highs during the past week.
Will Donald Trump’s Administration Consider A Strategic XRP Reserve?
The discussions between the two communities have heated up over whether the US administration, under the leadership of President Donald Trump, is considering having XRP as a Strategic Reserve Asset. Amid the heated exchanges between Bitcoin maximalists and XRP supporters, digital asset platform Uphold recently acknowledged the growing tensions while speculating the next move from the Bitcoin camp.
However, prominent attorney Bill Morgan dismissed the idea that the XRP community is concerned about Bitcoin supporters’ actions. He stated that Bitcoin advocates have consistently criticized other digital assets, such as XRP, over the past eight years. Morgan also emphasized that the XRP community remains confident in its stance and is unfazed by ongoing criticism from Bitcoin maximalists.
The ongoing Ripple vs. SEC lawsuit continues to capture market attention. Many in the crypto community anticipate that a settlement or dismissal could trigger a significant rally in XRP’s price. Adding to the optimism, market participants are speculating on the potential approval of an XRP ETF under the new U.S. administration, as mentioned in our earlier report.
When Will the US SEC Drop the Ripple Lawsuit?
As speculation intensifies regarding a potential settlement in the Ripple vs. SEC lawsuit, legal expert James Murphy, known as MetaLawMan, has weighed in on the matter. In a recent post on X, he expressed optimism that the case could be resolved before April 16, 2025.
This date is significant as Ripple is scheduled to submit its appellate brief by then. Murphy suggested that a settlement might be finalized ahead of this filing, marking a pivotal moment in the long-running legal battle.
Discussing the case’s complexity, Murphy also referenced Judge Analisa Torres’ earlier judgment on XRP and the substantial $125 million penalty imposed, underscoring the high stakes involved in the lawsuit’s outcome. “The Ripple situation is more complex than the Crypto Exchange cases, given the added complexity of the Torres judgment and the disposition of the escrow,” he said.
Legal expert Jeremy Hogan has also expressed hope that the Ripple vs. SEC lawsuit could settle before May. He noted that the case is more likely to conclude ahead of any potential approval of an XRP ETF, emphasizing the growing anticipation among market participants.
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