Institutional Confidence Climbs – XRP lawsuit victory boosts ETF approval odds to 95%, fueling renewed investor and market optimism.
Ripple’s courtroom victory over the SEC has ignited a fresh round of verbal crossfire in the crypto world. Pro-XRP lawyer Bill Morgan wasted no time calling out Bitcoin maximalists, especially MicroStrategy chairman Michael Saylor, over their long-running claims that altcoins like XRP are securities.
“XRP itself was, is, and forever will be, not a security,” Morgan declared on X.
He reminded the community that Ripple’s past programmatic and institutional sales of XRP, once the core of the SEC’s legal assault, have now been fully and lawfully settled. For Morgan, the conclusion puts the debate to rest, though not everyone in crypto is ready to let it go.
In recent weeks, the friction between the two camps has escalated. Bitcoin community figure Adam Livingston accused Ripple of preparing to dump XRP holdings “through banks on retail players,” calling XRP investors “financial abuse victims with Stockholm Syndrome.”
Morgan shot back, pointing to XRP’s performance since inception, up over 50,000%, and branding certain Bitcoin advocates “amongst the most dishonest people” he’s encountered in his legal work on consumer fraud and misleading conduct. He also noted the repeated use of slurs like “retard” by Bitcoin-only proponents when confronted with opposing views.
Markets responded swiftly to the news. XRP surged 13% to $3.35, with daily trading volume exploding by 168% to over $11 billion. The rally has also fueled chatter that BlackRock could be gearing up to file for an XRP ETF, a move that, if true, would further cement the token’s legitimacy in the eyes of institutional investors.
Following the end of the Ripple vs. SEC lawsuit, Polymarket odds jumped to about 87%, up 16%. Meanwhile, the market is abuzz with speculation over a potential XRP ETF. Bloomberg ETF analysts estimate the probability of approval at 95%, reflecting broader institutional confidence now that the regulatory overhang has lifted.
Looking at the renewed interest in XRP, Morgan congratulated the XRP community for holding the line through years of uncertainty, calling the SEC’s prolonged legal push a “collateral attack” on the asset itself. His praise, however, was paired with sharp criticism of those he sees as serial detractors.
Read more on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
