Well-known crypto lawyer Bill Morgan has downplayed the ongoing debate between Bitcoin maxis and the XRP army. According to Morgan, the so-called war between both sections of the crypto community does not affect the cryptocurrency market, as reflected by the recent price actions.
Morgan made the statement in response to a recent post on X, which addressed Jack Mallers as “Bitcoin’s strongest warrior” who is willing to die on the hill of the battle between Bitcoin maxis and the XRP army. The post referenced a recently published video of Mallers accusing Ripple of trying to lobby the government. What a bold claim to make.
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The Bitcoin maximalist stated that Ripple is pushing a scheme that resembles the 1933 event when the government confiscated gold and changed its financial policies. He also compared it to the government’s move in 1971 that led to the abandonment of the gold standards. To further make his point, Mallers described the ongoing incident as similar to the 2008 situation when the government prioritized banks’ interests, private businesses, and Wall Street over the people.
According to Mallers, siding with Ripple would mean that the government is choosing its interests over the public. That is because he believes the Ripple project design favors the corporate world, while Bitcoin is the true decentralized money that suits people’s desires.
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It is crucial to note that Mallers’ opinions are independent and unverified and remain a subject of the ongoing debate between the Bitcoin and XRP communities over the potential inclusion of XRP in the proposed US government’s crypto stockpile. Nevertheless, Morgan considers Mallers’ comments a non-issue where the crypto market value is concerned. The crypto lawyer believes the market’s fundamentals go beyond the social media arguments between the two groups.
Bitcoin and XRP recovered from a price crash in the past 24 hours. Both cryptocurrencies reclaimed significant landmarks as Bitcoin returned above $100,000 to trade for $102,969 at the time of writing, while XRP traded for $3.13.
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