News View Non-AMP

Pro-XRP Lawyer Fires Back at VanEck for Favoritism During Ripple-SEC Lawsuit

Published by
Nidhi Kolhapur

Ripple’s legal battle with the SEC continues to make headlines. Attorney Bill Morgan took to social media and criticised VanEck for playing both sides. Morgan brought to attention VanEck’s inconsistency as they pushed for fairness in ETFs, but chose to remain silent for XRP when it was in a similar situation. 

For the unversed, asset managers like VanEck, Canary Capital, and 21Shares signed a joint letter to the SEC Chair Paul Atkins, urging a fair and consistent process for approving crypto ETFs.

Bill Morgan Slams VanEck’s Silence on XRP Case

They requested the SEC to adopt a fair “first-to-file, first-to-approve” rule for crypto ETFs explaining that favoritism damages innovation in the ETF market. This came after long delays and growing uncertainty around spot ETF approvals.

But Morgan slammed VanEck for staying silent during the Ripple lawsuit. Morgan wrote on X, “Don’t recall you complaining about SEC favoritism when Ripple was sued over XRP sales and Ethereum received a free pass.”

XRP faced legal actions, while Ethereum walked away clean when it was called a non-security by SEC official William Hinman in a 2018 speech.

Key Court Deadline Could Trigger Major Moves

This has raised concerns over conflicts of interest at the SEC. Critics like John Deaton have also questioned how credible Hinman’s speech actually was and whether the SEC is being fair and transparent with its crypto rules.

These comments come as the crypto community anxiously awaits for updates on a likely settlement between the Ripple vs SEC. A key deadline for the SEC to report to the Appeals Court is coming up on June 16.

XRP Holding $2.29, Can Bulls Push Toward ATH?

XRP is up 2.7% in the last 24 hours, and is currently trading at $2.29. The next move will now depend on updates from the Ripple case and spot ETF news. A breakout above $2.35 could push XRP to $2.50, then $2.65, and possibly $3 or even its all-time high of $3.55. But if it drops below the 50-day EMA, bears could drag it down to $1.93.

FAQs

What is the upcoming key deadline in the Ripple vs. SEC case?

The SEC has a key deadline of June 16 to report to the Appeals Court regarding the ongoing legal proceedings, which could trigger significant market moves for XRP. Sources

What is the “first-to-file, first-to-approve” rule for crypto ETFs?

This rule, advocated by asset managers like VanEck, requests the SEC to approve crypto ETFs based on submission order to ensure consistency and prevent favoritism in the market.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Which Meme Coin Triumphs in 2025? Dogecoin, PEPE or Neo Pepe Coin ($NEOP) For Best Crypto

Pepe's Resilient Rebound Over recent days, Pepe Coin (PEPE) has captured renewed attention from traders…

July 1, 2025

BBB Warns of AI Voice Scams Just as Graphite Network Launches Phonebook MVP That Offers a Web3 Fix

On June 25th, 2025, the Better Business Bureau (BBB) issued an urgent alert about a…

July 1, 2025

Elon Musk’s xAI Bags $10 Billion While Trump Fires Shots on Social Media

Elon Musk’s AI startup xAI has raised a massive $10 billion in new funding, giving…

July 1, 2025

Best Crypto to Buy This Summer, Ethereum (ETH) Runs Hot, But This $0.03 Token Looks Sharper With 2x Upside

With Ethereum (ETH) heating up again in early summer activity, large-cap investors are doubling down…

July 1, 2025

Top New Meme Coin of 2025? Pepe Coin (PEPE) Competitor Picked for a Top 10 Status on CoinMarketCap

Meme coins have always been a wild ride. From Dogecoin turning jokes into market caps…

July 1, 2025

Did the Senate Pass the Trump’s Big Beautiful Bill

As of this afternoon, the United States Senate remains locked in a marathon voting session…

July 1, 2025