Crypto lawyer Bill Morgan has dismissed the ongoing dispute between Bitcoin maximalists and XRP supporters, asserting that the cryptocurrency market is unfazed by their social media exchanges.
His statement comes amid heated discussions following Bitcoin proponent Jack Mallers’ claims against Ripple. Mallers, a well-known Bitcoin advocate, accused Ripple of lobbying the government to gain regulatory favor.
He compared Ripple’s actions to historical financial shifts, such as the 1933 gold confiscation and the 1971 abandonment of the gold standard. He also linked the situation to the 2008 financial crisis, alleging that Ripple’s influence could lead to a government-backed crypto reserve favoring corporate interests over public interest.
The Bitcoin maximalist suggested that aligning with Ripple means supporting a financial system prioritizing institutional control. According to his beliefs, Bitcoin stands fundamentally distinct from other crypto assets since it maintains true decentralization to provide individual autonomy.
His comments revived the ongoing conflict between Bitcoin maximalists and XRP supporters, also known as the XRP army.
Also Read: XRP Lawsuit Over? Here is What Happened
Bill Morgan’s Response to Market Relevance
Bill Morgan, a legal expert in the crypto space, responded to the escalating debate by downplaying its significance. Recent analysis shows that price movements do not track these disagreements between Bitcoin zealots and the XRP community.
In response to a post referring to Mallers as Bitcoin’s “strongest warrior,” Morgan sarcastically noted that if Mallers were leading the charge, the so-called battle would be over quickly. According to his assessment, social media battles about cryptocurrency are isolated from real-world market dynamics.
Morgan’s comments align with the broader view that market fundamentals, institutional adoption, and regulatory developments drive cryptocurrency prices rather than ideological battles between crypto communities.
Despite the intensity of the debate, investors appear to be more focused on regulatory clarity and macroeconomic conditions.
Industry Leaders Call for Unity
Ripple CEO Brad Garlinghouse also weighed in on the debate, emphasizing the importance of collaboration within the crypto industry. He urged stakeholders to focus on shared goals rather than division.
Garlinghouse pointed out that the industry is evolving into a multi-chain ecosystem where multiple digital assets can coexist and serve different purposes.
He expressed support for a government-backed crypto reserve that reflects diverse digital assets rather than favoring a single cryptocurrency. According to him, maximalism is an outdated mindset that hinders progress in the industry.
While disputes between crypto communities continue, the market appears to be moving forward without being influenced by these ideological conflicts. The focus remains on regulatory developments, institutional adoption, and technological advancements shaping the future of digital assets.
Also Read: Brad Garlinghouse Calls for Unity in Crypto, Criticizes Maximalism
