After Ripple’s court win, pro-XRP lawyer Bill Morgan slams Michael Saylor and Bitcoin maxis for calling XRP and altcoins securities.
Pro-XRP attorney Bill Morgan has blasted Bitcoin maxis for persistently assaulting XRP in the wake of the most recent victory in the Ripple litigation.
Morgan also chastised Strategy chairman Michael Saylor for earlier referring to all altcoins as “security.”
He wrote, “XRP itself was, is, and will always be not a security.”
After the most recent event, the price of XRP surged 13% to $3.35.
Bill Morgan Criticizes Michael Saylor For His Prior Stance On XRP
Bill Morgan has stated that the resolution of the Ripple litigation definitively dispels any ambiguity regarding XRP’s security status.
He said that Ripple and the U.S. Securities and Exchange Commission (SEC) have reached a legal settlement regarding Ripple’s previous programmatic sales of XRP, including the institutional transactions.
Morgan said, “These distributions and sales were legal.”
Morgan also praised the Ripple community for enduring the SEC’s protracted legal battle against the company, calling it a “collateral attack against XRP.”
Michael Saylor, chairman of Strategy (NASDAQ: MSTR), and other Bitcoin maxis were criticized by Morgan for classifying all altcoins as securities.
“To Bitcoin maxis like Michael Saylor, who said only Bitcoin was a commodity and all altcoins are securities: go fuck yourselves,” wrote Morgan.
In recent weeks, Bitcoin maxis have stepped up their attacks on XRP once more, calling members of the Ripple community “retards” and using other derogatory language.
In the face of these assaults, Bill Morgan has been resolute in protecting the neighborhood.
Experts anticipate a BlackRock XRP ETF filing shortly in light of the encouraging development of Ripple litigation.
Morgan Claims That Bitcoin Maxi Are Dishonest Individuals
Adam Livingston, a well-known figure in the Bitcoin world, claimed that the Ripple team is about to dump their XRP holdings on ordinary players via banks.
He referred to the XRP investors as “a victim of financial abuse with Stockholm Syndrome.”
According to Livingston’s comment on the X platform, investors in Ripple are “acting as a liquidity provider for Ripple’s exit strategy,” while Bitcoin followers are fighting the central bank. Morgan’s response to this was:
“He just ignores the fact that XRP since inception is up only 50929%. People like these Bitcoin maxis are amongst the most dishonest people I have ever come across and I practise law in consumer fraud and misleading conduct”.
Morgan also pointed out a trend of harmful conduct from Bitcoin community members.
Morgan pointed out in a recent statement that proponents of Bitcoin-only frequently refer to people who have different opinions as “retards.”
“I have noticed that when their ‘Bitcoin only’ ideology is questioned, many Bitcoin maxis use this particular word,” he stated.
After yesterday’s development, the price of XRP jumped 13% to $3.35.
The daily trading volume, which has increased 168% to over $11 billion, demonstrates strong trader interest.
