Pro-XRP lawyer Bill Morgan has dismissed the U.S. Securities and Exchange Commission's (SEC) response to the lawsuit against Coinbase, claiming that the Ripple community was already familiar with the arguments presented by the SEC. Morgan's tweet came after Coinbase's Chief Legal Officer Paul Grewal expressed disappointment with the SEC's response and criticized the commission for neglecting its obligation to consider the public interest. Grewal highlighted established legal precedents such as the Supreme Court's Howey test and the chairman's previous statements before Congress. Morgan's response suggests that the SEC's arguments were not novel and were predictable based on the ongoing Ripple case.
