Ripple-BlackRock Conspiracy Theory Heats Up; SEC Lawyer Dismantles XRP Lawsuit Ties

A controversial Ripple-BlackRock conspiracy theory has been circulating on the X platform, suggesting that both entities have been collaborating on a tokenized global financial system, leveraging XRP infrastructure. Critics argue that the XRP lawsuit has been a central part of this non-coincident synergy. However, former SEC lawyer Bill Morgan dismantles this theory, arguing that the XRP lawsuit doesn’t fit into this alleged connection.

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Lawyer Dismisses XRP Lawsuit’s Role in Ripple-BlackRock Theory

A Ripple-BlackRock conspiracy theory has been trending on X over the past few days, sparking heated debates and discussions. Despite speculation that the XRP lawsuit was a coordinated effort between BlackRock, Ripple, and Gary Gensler, former SEC lawyer Marc Fagel, in an X post, dismisses the claim as unfounded.

According to the theory, Ripple and BlackRock are working on complementary systems, with Aladdin, XRP Ledger, tokenized treasuries, and digital identity systems on-chain all being interconnected pieces. Experts like Stellar Rippler believe these elements are converging, revealing a more profound relationship between the two companies.

(1/🧵) 🚨 I’ve uncovered the secret tie between BlackRock and Ripple…

They’ve been building the same system under different names.
Now the puzzle pieces are locking in:
Aladdin. XRP. Tokenized treasuries. Identity on-chain.

This goes deeper than anyone realizes. 🧵 pic.twitter.com/pFfbpOvj4P

— Stellar Rippler🚀 (@StellarNews007) July 20, 2025

Interestingly, the conspiracy theory begins with BlackRock’s vision of tokenization as the future of finance, with CEO Larry Fink emphasizing the importance of digital identity. This narrative gains traction as Ripple partners with Ondo Finance to tokenize U.S. Treasuries on XRPL, leveraging BlackRock’s USD Treasury fund backing.

Further, the Ripple-BlackRock conspiracy theory suggests that the XRP lawsuit outcome provided crucial legal clarity for XRP. This development could potentially pave the way for Ripple’s involvement in tokenized assets and collaborations, including with BlackRock. This claim is reinforced by the notable connection between Ondo co-founder Nathan Allman, BlackRock executives, and former SEC Chair Gary Gensler, all of whom share a common background at Goldman Sachs.

However, in response to this particular allegation, Marc Fagel argued against the XRP lawsuit’s role in the conspiracy theory. While critics point out that Gary Gensler sued the platform, Fagel disputes the theory, noting Jay Clayton initiated the XRP lawsuit. He stated, “Ripple was sued under Trump/Clayton, long before Gensler was appointed to the SEC.” It is noteworthy that this allegation targeting the XRP lawsuit comes as the case nears a potential settlement.

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Ripple and BlackRock’s Parallel Paths

Interestingly, the BlackRock-Ripple connection theory takes an intriguing turn with the overlap between asset manager’s $XDNA ETF, which focuses on health and genomics, and the DNA Protocol ($XDNA) project launched on the XRP Ledger. This coincidence in ticker symbols has sparked speculation about a potential Ripple connection with BlackRock, particularly in the realm of decentralized identity and genomics. XRPL supports decentralized identity credentials and sovereign data layers, which could position it as infrastructure for a new financial order.

Another significant point highlighted by experts on X is XRP Ledger’s tokenization roadmap, which encompasses real estate, treasuries, commodities, CBDCs, and carbon credits. This appears to mirror BlackRock’s strategy.

The similarity in their roadmaps, combined with rumors of BlackRock’s Aladdin system testing XRP Ledger and RippleNet for cross-border payments, fuels speculation about a potential partnership or synergy between the two entities. Moreover, the adoption of ISO 20022 by Fedwire, the same standard used by XRPL, could facilitate integration between the two systems, further bolstering the Ripple conspiracy theory.

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