Ripple's legal victory over the SEC has ignited a fierce debate within the global cryptocurrency community.
The conclusion of the lawsuit not only reinforces the legal status of the XRP token but also rekindles the debate between Bitcoin supporters and altcoin defenders, particularly around whether XRP is a security.
MAIN CONTENT
Ripple's attorney asserts that XRP is not a security and accuses the Bitcoin maximalist faction of using inappropriate language.
XRP's price surged strongly after the lawsuit, boosting the likelihood of an XRP ETF being launched by major investment institutions.
The XRP community is praised for its perseverance, while some Bitcoin investors continue to criticize impulsively.
What is the war of words between the Bitcoin and XRP communities?
Ripple's victory over the SEC has sparked a new round of controversy, with lawyer Bill Morgan strongly rebutting the accusations from extreme Bitcoin investors that XRP is a security.
Morgan emphasizes that XRP "has never been and will never be a security". He also criticizes the Bitcoin maximalist community, particularly the remarks from Michael Saylor and other members, using disrespectful language and frequently spreading misinformation to undermine XRP.
Additionally, the opposition is reflected in some Bitcoin leaders calling the XRP community "victims of financial abuse", causing deep divisions within the cryptocurrency market.
How will XRP develop after the lawsuit with the SEC?
After the lawsuit ended, XRP's price quickly rose by 13% to $3.35, while daily trading volume surged 168% with over $11 billion, showing a strong resurgence of interest in this token.
The forecasts from Bloomberg ETF estimating a 95% chance of XRP ETF approval reflect the growing confidence of institutional investors after the legal pressure has been removed.
Bloomberg ETF Analysts, 2024
Along with this, the emergence of ETF funds for XRP is expected to boost liquidity and strengthen the token's position in the global cryptocurrency ecosystem. Attorney Bill Morgan congratulates the XRP community for their resilience and the prolonged, relentless legal battle from the SEC, stating that this is an "indirect attack" on the token.
What are the praises and criticisms surrounding the XRP community?
Bill Morgan appreciates the perseverance of XRP investors who have faced many legal challenges and controversies for a long time. He also condemns those who frequently criticize XRP in a non-constructive manner, calling them "one of the most dishonest" individuals he has encountered in the consumer fraud field.
The accusations and offensive remarks from some Bitcoin investors have caused significant harm to the XRP community during the prolonged legal process.
Bill Morgan, Ripple's attorney, 2024
This also serves as clear evidence of the deep division within the cryptocurrency community, prompting investors to carefully consider factions and information surrounding different tokens.
Frequently Asked Questions
Is XRP considered a security according to the latest conclusions?
Attorney Bill Morgan asserts that XRP is not a security and has been legally recognized after the lawsuit with the SEC, ending the prolonged legal debate.
How has the market reacted to Ripple's legal victory?
XRP price surged by 13% and trading volume increased by 168%, reflecting a strong recovery and renewed confidence from investors after a legal victory.
Is there a chance for an XRP ETF to be approved?
Bloomberg ETF experts forecast a 95% chance of approval, opening up significant prospects for institutional acceptance of XRP.
How is the XRP community perceived after the lawsuit?
Praised for their perseverance and ability to overcome legal challenges, the XRP community also faces harsh criticism from other factions.
How does the war of words among factions influence the situation?
The fierce debates among factions highlight the deep divisions and significantly influence users' perceptions of different tokens.
Source: https://tintucbitcoin.com/bill-morgan-xrp-khong-phai-chung-khoan/
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