XRP decentralization debate heats up as legal experts back XRPL. Community rallies behind Morgan, dismissing centralization claims as false.
The long-running debate over XRP’s decentralization has resurfaced, but this time, lawyer and well-known XRP advocate Bill Morgan is pushing back strongly. Responding to renewed criticism on X, Morgan emphasized that official SEC filings for XRP ETFs prove the XRP Ledger (XRPL) is both decentralized and permissionless, despite persistent claims to the contrary.
According to Morgan, every institution applying to launch an XRP exchange-traded fund (ETF) has publicly disclosed in their SEC filings that the XRP Ledger operates as a
“public, decentralized, and permissionless blockchain.”
These documents are not casual marketing materials. As Morgan pointed out, they are legal disclosures, often prepared or reviewed by legal professionals, where accuracy is mandatory. Misleading statements in these filings could expose applicants to severe legal consequences.
“In other words,” Morgan explained, “ETF filings are legal documents, not hype. If XRPL wasn’t decentralized, these institutions couldn’t legally describe it that way.”
The pushback comes after crypto analyst Justin Bons reignited the debate by criticizing the top cryptocurrencies. Bons argued that XRP and Binance Coin (BNB) are “permissioned” and therefore not decentralized. He further dismissed Bitcoin and Ethereum, citing scalability concerns, and claimed that none of the top five cryptocurrencies live up to their promises.
Morgan flatly rejected Bons’ claims about XRP, stating they are directly contradicted by what ETF applicants and legal experts have affirmed in SEC filings. He questioned why, after years in the industry, some critics still repeat the claim that XRP is centralized.
“Authoritative filings clearly confirm XRPL’s decentralized nature,” Morgan argued, “so why do critics keep ignoring the evidence?”
The debate over whether XRP is centralized or decentralized is more than just a social media spat. It cuts to the very core of XRP’s credibility, regulatory standing, and institutional adoption potential.
If XRPL were genuinely centralized, it would likely face significant hurdles for regulatory approval and would be less appealing to institutional investors. By contrast, the fact that ETF applicants have consistently described XRP as decentralized in legally binding documents strengthens its credibility and adoption case.
Morgan’s stance underscores that centralization narratives often stem from misinformation or bias. Meanwhile, the legal and financial industry, which faces substantial liability risks, has taken the position that XRPL is decentralized.
The broader XRP community was quick to back Morgan’s position. Popular crypto commentator Moon Lambo criticized critics for spreading what he called “deliberate dishonesty” by continuing to claim XRP is centralized.
“Some influencers just hate XRP, and they keep pushing false narratives regardless of the facts,” Moon Lambo said.
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