Following the latest Ripple lawsuit win, pro-XRP lawyer Bill Morgan has slammed Bitcoin maxis for constantly attacking XRP. Morgan also slammed Strategy chairman Michael Saylor for calling all altcoins a ‘security’, previously. “XRP itself was, is, and forever will be, not a security,” he wrote. Following the latest development, the XRP price jumped 13%, shooting to $3.35.
Bill Morgan Slams Michael Saylor on His Previous XRP Stand
With the Ripple lawsuit concluding, Bill Morgan has spoken out, stating that it puts the doubt of XRP’s security status to rest, once and for all. He added that Ripple’s past programmatic sales of XRP, including the institutional sales, have been legally settled between Ripple and the U.S. Securities and Exchange Commission (SEC). “These sales and distributions were lawful,” stated Morgan.
Morgan also congratulated the Ripple community for standing firm throughout the SEC’s long-running legal campaign against Ripple, while referring to it as a “collateral attack against XRP.” Morgan slammed Bitcoin maxis, including Strategy (NASDAQ: MSTR) chairman Michael Saylor, who have labeled 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.
Bitcoin maxis have once again stepped up the attack on XRP in recent weeks, while using slurs as ‘retards’ against the Ripple community members. Bill Morgan has been standing tall in the face of these attacks and defending the community. Amid the positive Ripple lawsuit development, experts predict a BlackRock XRP ETF filing soon.
Bitcoin Maxis Are the Most Dishonest People, Says Morgan
Popular Bitcoin community member Adam Livingston stated that the Ripple team is on the verge of dumping their XRP holdings, through banks, on retail players. He called the XRP investors “a financial abuse victim with Stockholm Syndrome”.
In his message on the X platform, Livingston wrote that on one hand, Bitcoiners are waging a revolution against the central bank. On the other hand, Ripple investors are “roleplaying as a liquidity provider for Ripple’s exit strategy”. Responding to this, Morgan wrote:
“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 called out a pattern of derogatory behavior from Bitcoin community members. In a recent statement, Morgan noted the repeated use of the term “retard” by Bitcoin-only advocates when faced with opposing views. “I have observed that many Bitcoin maxis use this specific word when their ‘Bitcoin only’ ideology is challenged,” he said.
Following yesterday’s development, the XRP price shot up as much as 13% to $3.35. However, TradingView data shows that the altcoin is retracing today, down almost 2% and trading at around $3.25.
Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.
He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
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