Pro-XRP Lawyer Slams Bitcoin Maxi Michael Saylor After Ripple Lawsuit Ends
Highlights
- Morgan stated that Ripple's legal victory reaffirms that XRP "was, is, and forever will be, not a security."
- He slammed Bitcoin maxis like Michael Saylor for stating that "only Bitcoin was a commodity".
- Morgan emphasized that Ripple’s past programmatic and institutional XRP sales have been legally settled with the U.S. SEC.
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.
- Fed’s Chris Waller Reiterates Support for Rate Cuts but Urges Caution On Pace
- Tom Lee’s Bitmine Immersion (BMNR) Adds Another $103M ETH to its Ethereum Stash
- Bitcoin Price Flashes Top Signal After Rejection At $125K
- Breaking: Grayscale Solana ETF (GSOL) to Trade with 0.35% Fee
- Roger Ver, ‘Bitcoin Jesus,’ Settles $48M Tax Fraud Case with U.S. DOJ
- $TAPZI Price Prediction: What’s Ahead of the $TAPZI token Presale?
- Cardano Price Targets $2 as Hydra 1.0 Ignites New Era of Speed and Adoption
- Dogecoin Price Prediction as $23M Leaves Exchanges—Is the Parabolic Phase Beginning?
- Pi Network Price Collapses as Analyst Proposes Turnaround Tweaks
- Solana (SOL) Price Prediction: Analyst Eyes $1,300 as SOL DAT Company Plans 5% Supply Acquisition
- Bitcoin Price Prediction as US Govt. Shutdown Extends- What’s Next for BTC?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
