Crypto lawyer Bill Morgan has criticized ongoing misinformation surrounding XRP’s legal status in the United States, calling out a recent post that continues to misrepresent facts about its classification. The debate ignited after DrCuadrado claimed XRP remains under SEC jurisdiction, which Morgan swiftly refuted. 2023 saw a landmark U.S. court ruling stating that Ripple’s programmatic sales of XRP did not meet the Howey Test, thus not constituting securities. However, institutional sales by Ripple, worth $728 million, were found to be unregistered securities offerings. This led to legal action and ultimately a settlement agreement in 2025, where the SEC neither classified XRP as a security nor launched new enforcement actions. Morgan argues this continued confusion regarding XRP’s classification is hindering its adoption within financial systems. He emphasizes that these claims are factually inaccurate and contradict both past court rulings and the SEC’s current stance on XRP.