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The post Attorney Bill Morgan Mocks Max Keiser Amidst XRP’s Regulatory Clarity Triumph appeared first on Coinpedia Fintech News
Over the course of the two-year Ripple vs. SEC lawsuit, several individuals have shared their perspectives, expressing support for either the SEC or Ripple while criticizing the other party. Among those who voiced criticism towards XRP, Max Keiser is a notable one.
Attorney Bill Morgan recently responded to an old tweet by Max Keiser, a Bitcoin Maximalist, who had criticized XRP and its potential. Morgan took a jab at Keiser in his tweet, highlighting the clarity on XRP currently.
Lawyer Bill Morgan Hits Back at Max Keiser Over XRP Criticism
Max Keiser, a well-known Bitcoin (BTC) maximalist, has consistently criticized XRP, the native token of the XRP Ledger (XRPL). However, in a recent development Bill Morgan, a prominent lawyer within the XRP community took a jab at Keiser for a previous comment he had made about XRP.
Morgan highlighted Ripple’s victory against the SEC and emphasized that XRP is the only altcoin in the United States to have gained regulatory clarity. He mocked Keiser for referring to XRP as “a dead coin walking”, asserting that Bitcoin is no longer the sole crypto asset with regulatory clarity.
Max Keiser’s Controversial Remarks on XRP
In the lead-up to the court’s verdict on July 13 in the long-standing SEC v. Ripple lawsuit, Max Keiser referred to the XRP token as a “dead coin walking” on July 10. Keiser suggested that despite the efforts of John Deaton, the founder of CryptoLaw, XRP would likely be classified as a security in the lawsuit.
The government Bitcoin adviser of El Salvador made a bold statement in response to a report, wherein John Deaton acknowledged the US Securities and Exchange Commission (SEC) as a “protection racket” benefiting a few insiders in the cryptocurrency industry.
Keiser Urges The El Salvador Government To Prioritize Bitcoin Mining
Despite the outcome of the lawsuit, Max Keiser maintains a negative outlook on altcoins. He believes that the SEC Chair gary gensler 
gary gensler
chairman at US Securities and Exchange Commision
Gary Gensler is an enthusiastic leader and the current chair of the U.S. Securities and Exchange Commission (SEC). He has the extreme experience that spans wall street, government regulation, and an angel teaching about cryptocurrencies and blockchain at MIT. He announced several initiatives to enhance investor protections in the $2 trillion cryptocurrency market. He previously led the Biden-Harris transition’s federal reserve, Banking, and securities regulation agency review team.
He was awarded Treasury's highest honor, the Alexander Hamilton Award, and also was a recipient of the 2014 Frankel Fiduciary Prize. He was born on October 18, 1957, into a Jewish family, in Baltimore, Maryland. Graduated from the University of Pennsylvania, earning a Master's degree in Business Administration. Additionally, he is also a professor at the MIT Sloan School of management. He has served in various governmental roles since the 1990s, such as the treasury department, Sarbanes-Oxley, CFTC, Swaps, Enforcement, Libor investigation, Maryland Financial Consumer Protection Commission, Securities, and Exchange Commission.
Gary Gensler will probably keep on filling in as seat of the SEC until 2026, accepting his renunciation. He has expressed his desires to present crypto-related approach changes later on that include token commitments, decentralized finance, stablecoins, guardianship, exchange-traded resources, and advancing stages. A few officials as well as his kindred SEC magistrates have scrutinized Gensler for not giving adequate administrative direction on crypto, possibly prompting a standoff between Congress and the association.
The SEC, CFTC, and Financial Crimes Enforcement Network handle advanced resource guidelines in the U.S., however, each with various jurisdictional cases, bringing about an interwoven methodology that crypto firms should explore to work legitimately. Whether 2022 will see a more clear way for organizations in the crypto space is questionable, yet the cosmetics of the SEC's initiative will fundamentally change following the takeoff of chief Elad Roisman in the first month of the year. Chief Allison Lee's term is likewise set to terminate in June 2022.
Chairman
would continue to go against XRP, ETH, and other altcoins. Consequently, Keiser urges the El Salvador government to prioritize Bitcoin mining, as the leading digital asset enjoys legal protection.
Apart from XRP, the SEC has continued to classify various altcoins as securities. Notably, Cardano (ADA) and Algorand (ALGO) were among the assets identified as such in a recent court filing against Binance.
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