Prominent pro-XRP lawyer Bill Morgan launched pointed criticism against Bitcoin maximalists after Ripple secured a decisive legal victory against the U.S. Securities and Exchange Commission (SEC), affirming XRP’s status as a non-security.
The favorable court ruling triggered an immediate 13% surge in XRP’s price alongside a 168% spike in trading volume, signaling robust market endorsement of the decision. Morgan specifically targeted MicroStrategy executive chairman Michael Saylor and other Bitcoin proponents for perpetuating negative narratives about XRP despite its clarified regulatory standing.
The legal outcome has reignited debates about cryptocurrency asset classifications while strengthening institutional confidence in XRP. Evidence of growing investor trust emerged through substantial community support and tangible market reactions following the court’s determination of XRP’s non-security status.
Morgan underscored Ripple’s win as a validation of the token’s legitimacy while condemning maximalist rhetoric that continues to dismiss altcoins like XRP despite their legal recognition.