Following the conclusion of the Ripple lawsuit, Bill Morgan has spoken out, stating that this definitively dispels doubts about the legality of XRP. He added that previous programmatic sales of XRP, including institutional sales, have been legally resolved between Ripple and the U.S. Securities and Exchange Commission (SEC). "These sales and distributions were legal," Morgan stated.
Morgan also praised the Ripple community for standing firm during the prolonged legal campaign by the SEC against Ripple, calling it a "collateral attack on XRP." Morgan harshly criticized Bitcoin maxis, including the president of Strategy (NASDAQ: MSTR), Michael Saylor, who have labeled all altcoins as securities.
“To Bitcoin maxis like Michael Saylor, who said that only Bitcoin was a commodity and that all altcoins were securities: fuck off,” wrote Morgan.
Bitcoin maxis have intensified their attacks against XRP in recent weeks, calling them "retarded" with insults against members of the Ripple community. Bill Morgan has stood firm in the face of these attacks and defended the community. Following the positive development in the lawsuit against Ripple, experts predict the upcoming filing of a BlackRock XRP ETF.
Adam Livingston, a popular member of the Bitcoin community, stated that the Ripple team is about to sell their XRP holdings, through banks, to retailers. He described XRP investors as "victims of financial abuse with Stockholm syndrome."
In his message on platform X, Livingston wrote that, on one hand, bitcoiners are waging a revolution against the central bank, while, on the other, Ripple investors are "acting as liquidity providers for Ripple's exit strategy." In response to this, Morgan wrote:
"Just ignore that XRP, since its creation, has only increased by 50,929%. People like these Bitcoin maxis are among the most dishonest I've ever known, and I practice law in cases of consumer fraud and deceptive conduct."
Morgan also reported a pattern of derogatory behavior from members of the Bitcoin community. In a recent statement, Morgan pointed out the repeated use of the term "retarded" by Bitcoin advocates when faced with opposing views. "I've noticed that many Bitcoin maxis use this word when their 'only Bitcoin' ideology is questioned," he said.
After yesterday's event, the price of XRP surged by 13% to $3.35. The daily trading volume increased by 168%, surpassing $11 billion, demonstrating significant interest from traders.
