Crypto Lawyer Calls Out Bitcoin Maximalist For Anti-XRP Stance

  • Crypto lawyer Bill Morgan has taken issue with Bitcoin maximalist Max Keiser’s anti-XRP stance.
  • Morgan’s comments came in response to a tweet by Keiser claiming that the SEC would kill XRP. 
  • Keiser previously cheered the SEC’s enforcement action against Ripple claiming that it would help BTC. 

Crypto lawyer Bill Morgan has called out Bitcoin maximalist Max Keiser for his anti-XRP and hostile stance against Ripple. The lawyer’s comments were in response to a recent tweet by Keiser, which claimed that the U.S. Securities and Exchange Commission would overreach its jurisdiction and kill off XRP and every other altcoin in the crypto market. 

Max Keiser recently took to Twitter to provide his take on an ongoing discussion about the SEC’s enforcement action against Ripple over the alleged unregistered securities offering of XRP. The discussion included Bill Morgan, his fellow crypto lawyer John Deaton, and Ripple’s Chief Technology Officer David Schwartz.

Earlier this week Morgan accused Keiser of celebrating and applauding the SEC’s crackdown on Ripple and other crypto entities under the pretext that it would benefit Bitcoin. Ripple CTO David Schwartz added that the SEC’s action was similar to the U.S. government suppressing Bitcoin in order to benefit the incumbent traditional finance institutions. 

John Deaton pointed out the irony in Keiser’s recent statements, given that Bitcoin maximalists tend to present themselves as libertarians but at the same time support the SEC’S “gross” overreach in cases like the one against Ripple. David Schwartz described Keiser’s conduct as cynical parentalism. 

Keiser, who serves as the senior Bitcoin advisor to El Salvador President Nayib Bukele, responded to his critics by claiming that the SEC wouldn’t launch enforcement actions against Bitcoin since the flagship cryptocurrency is “untouchable”. According to him, there is a lack of rule of law for Wall Street and TradFi giants with money and power.

The Bitcoin maximalist predicted that Ripple CEO Brad Garlinghouse would not be able to outspend federal agencies in the U.S. or TradFi giants like JPMorgan. “It’s just a matter of when, not if XRP gets cut down.”

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