Bill Morgan vs Max Keiser: Heated Twitter Feud Triggered Over ‘Dead Coin Walking’ XRP

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. 

Here’s what went down.

Shots Fired!

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.

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Max Keiser’s Controversial Remarks

In the lead-up to the court’s verdict on July 13 in the long-standing SEC v. Ripple lawsuit, Max 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‘s Advice for the El Salvador Government

Despite the outcome of the lawsuit, Max Keiser maintains a negative outlook on altcoins.  He believes that the SEC Chair gary gensler gary gensler Gary Gensler is the chairman of the U.S. Securities and Exchange Commission (SEC). His studies in finance and blockchain at MIT have helped him develop U.S. cryptocurrency regulations and policies. Quick Facts Full name Gary Scott Gensler Birth 18-10-1957, Baltimore, Maryland, United States Nationality American Education MBA from the University of Pennsylvania Marital status Married to Francesca Danieli (1986-2006) Net worth Estimated $100 million   Gensler has advocated for enhanced supervision of digital assets, seeking to regulate cryptocurrencies similar to securities. His work at the SEC has focused on safeguarding investors, regulating crypto exchanges, and establishing stablecoin policies.   Gary Gensler - Career Highlights 1997 – Became Assistant Secretary of the Treasury. 2009 – Led CFTC, regulating financial derivatives post-2008 crisis. 2018 – Taught blockchain and crypto at MIT. 2021 – Appointed SEC Chairman, focusing on crypto regulations. 2022 – Proposed stricter rules for crypto exchanges. 2023 – Took legal action against major crypto firms. 2024 – Advocated for stronger stablecoin and DeFi regulations.   Gary has collaborated with multiple lawmakers in formulating crypto policies. Even with disagreements with crypto investors regarding crypto policies, he continues to be a key player in the changing dynamic between regulatory frameworks and blockchain advancement.   Awards & Recognitions of Gary Gensler Year Institution  Description 2009 U.S. Treasury Financial Regulation Leader 2018 MIT Blockchain & Crypto Educator 2021 SEC SEC Chairman Overseeing Crypto Policies 2023 Bloomberg Most Influential Regulator in Crypto 2024 Forbes Top Policy Maker in Digital Assets   Useful Links to Connect With Gary Gensler Platform Link X (formerly Twitter) twitter.com/GaryGensler CFTC website Chairman Gary Gensler   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 continues to classify various altcoins as securities. A recent court filing against Binance identified Cardano (ADA) and Algorand (ALGO) as some of the assets facing this classification.