Lawyer: Ripple lawsuit cannot be reopened despite Democratic criticism

Pro-XRP Australian lawyer Bill Morgan stated that the Ripple lawsuit is unlikely to be reopened, despite suggestions to the contrary from some Democratic lawmakers. According to U.Today, Morgan explained that U.S. law upholds the principle of res judicata, which prevents the same parties from re-litigating a case that has already received a final judgment. His comments address criticism from some Democratic members of the Republican-led House of Representatives, who have questioned the U.S. Securities and Exchange Commission (SEC) for dropping cases against Ripple, Kraken, Binance, Coinbase, and eight other crypto firms. The lawmakers allege the cases were dropped in exchange for large political donations. However, Morgan asserted that it is impossible to reopen a case that has already been closed, noting that the legal dispute between Ripple and the SEC concluded last year with a victory for Ripple.