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MainNewsLegal Expert...

Legal Expert Explains to Bitcoin Maxis Why XRP Isn’t a Scam


by Abdulkarim Abdulwahab
for CoinEdition
Legal Expert Explains to Bitcoin Maxis Why XRP Isn’t a Scam
  • Bill Morgan responds to Bitcoin advocate Robert Breedlove’s “XRP is a scam” claim.
  • XRP has been legally validated as a virtual currency, not a security.
  • The cryptocurrency’s decade-long resilience underpins its position in the market.

Legal and crypto expert Bill Morgan has responded to renewed criticism of XRP, particularly from Bitcoin advocates like Robert Breedlove, who labeled the cryptocurrency a “scam.” Responding to the post, Morgan addressed the allegation and took to a separate post to highlight XRP’s long-term resilience.

Addressing Bitcoin Maximalist Claims

Morgan’s remarks came after Breedlove, a well-known Bitcoin maximalist, dismissed XRP as a fraudulent crypto project. In response, Morgan criticized the simplicity of such claims, labeling them as intellectually shallow. 

“The usual intellectual output from a Bitcoin maxi,” he remarked in a repost of Breedlove’s statement.

He further highlighted the strength of XRP’s community, noting that it has weathered years of similar accusations and a prolonged legal battle, which he described as an indirect trial of the community itself.

The post Legal Expert Explains to Bitcoin Maxis Why XRP Isn’t a Scam appeared first on Coin Edition.

Read the article at CoinEdition

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MainNewsLegal Expert...

Legal Expert Explains to Bitcoin Maxis Why XRP Isn’t a Scam


by Abdulkarim Abdulwahab
for CoinEdition
Legal Expert Explains to Bitcoin Maxis Why XRP Isn’t a Scam
  • Bill Morgan responds to Bitcoin advocate Robert Breedlove’s “XRP is a scam” claim.
  • XRP has been legally validated as a virtual currency, not a security.
  • The cryptocurrency’s decade-long resilience underpins its position in the market.

Legal and crypto expert Bill Morgan has responded to renewed criticism of XRP, particularly from Bitcoin advocates like Robert Breedlove, who labeled the cryptocurrency a “scam.” Responding to the post, Morgan addressed the allegation and took to a separate post to highlight XRP’s long-term resilience.

Addressing Bitcoin Maximalist Claims

Morgan’s remarks came after Breedlove, a well-known Bitcoin maximalist, dismissed XRP as a fraudulent crypto project. In response, Morgan criticized the simplicity of such claims, labeling them as intellectually shallow. 

“The usual intellectual output from a Bitcoin maxi,” he remarked in a repost of Breedlove’s statement.

He further highlighted the strength of XRP’s community, noting that it has weathered years of similar accusations and a prolonged legal battle, which he described as an indirect trial of the community itself.

The post Legal Expert Explains to Bitcoin Maxis Why XRP Isn’t a Scam appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Ripple-SEC Bid for XRP Settlement Rejected by Judge Citing 'Procedural Flaws'

Ripple-SEC Bid for XRP Settlement Rejected by Judge Citing 'Procedural Flaws'

Judge Analisa Torres rejected the proposed $50 million settlement, saying the joint r...
XRP Price Surges After V-Shaped Recovery, Targets $3.40

XRP Price Surges After V-Shaped Recovery, Targets $3.40

Institutional buyers step in after sharp sell-off, establishing strong support at cri...