Following the resolution of the long-standing Ripple vs. SEC lawsuit, Bill Morgan, a pro-XRP lawyer and vocal supporter of the token, has lashed out at Michael Saylor and the broader Bitcoin Maximalist community. Morgan criticized what he called a constant stream of misinformation and ideological hostility toward altcoins, especially XRP.
Morgan: “XRP Is Legal and Was Never a Security”
Morgan stated that the recent legal settlement between Ripple and the SEC has definitively confirmed that XRP is not a security. He emphasized that both programmatic and institutional sales of XRP were lawful and have already been resolved between the parties.
He praised the XRP community for standing strong throughout the SEC’s multi-year legal battle, while also pushing back against what he described as a “coordinated ideological attack” by Bitcoin Maxis.
Morgan Takes Aim at Michael Saylor: “Go to Hell”
Morgan didn’t hold back when addressing Michael Saylor, Executive Chairman of MicroStrategy and a high-profile Bitcoin advocate. Saylor has previously claimed that all altcoins are securities, while only Bitcoin qualifies as a commodity.
Morgan fired back:
“To Bitcoin Maxis like Michael Saylor, who say only Bitcoin is a commodity and all altcoins are securities: go to hell.”
Bitcoin Maxis Escalate Attacks on XRP Supporters
The tension between XRP and Bitcoin camps has escalated again. Bitcoin influencer Adam Livingston accused Ripple of dumping XRP onto retail investors through banks, referring to XRP holders as “victims of financial abuse suffering from Stockholm syndrome.”
Morgan responded sharply:
“XRP has risen 50,929% since its inception. People like these Bitcoin Maxis are among the most dishonest individuals I’ve ever encountered – and I deal with fraud and consumer deception law.”
Toxic Rhetoric and Insults from Maximalists
Morgan also condemned the abusive tone of some Bitcoin-only advocates, noting the frequent use of the word “retard” whenever their ideology is challenged.
“I’ve noticed that many Bitcoin supporters resort to that word specifically when their ‘Bitcoin only’ narrative is questioned,” he added.
XRP Surges 13% as Traders Flood the Market
Following the legal resolution, XRP soared by 13% to $3.35, and daily trading volume jumped 168%, reaching over $11 billion. This signals a surge of renewed interest from both traders and long-term investors.
Speculation is now mounting that BlackRock may soon file for an XRP ETF, which could further boost XRP’s position in the crypto market.
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