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- Debashree Patra
Debashree Patra
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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Oct 03, 2025 07:02 UTC
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XRP News Today: Bill Morgan Debunks XRP Centralization Claims Using SEC ETF Filings
SEC ETF filings confirm XRPL is “public, decentralized & permissionless.” Bill Morgan says critics can’t ignore legally binding disclosures.
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.
XRP ETF Filings Prove XRPL is Decentralized and Permissionless
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.”
Countering the XRP Centralization Narrative
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?”
Why the XRP Decentralization Debate Matters for Institutional Adoption
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.
XRP Community Rallies Behind Bill Morgan
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.
Morgan agreed, adding that at this stage, “it’s no longer just ignorance—it’s a refusal to acknowledge the truth about XRPL’s decentralized nature.”
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FAQs
Yes, official SEC filings for XRP ETFs legally describe the XRP Ledger as a “public, decentralized, and permissionless” blockchain, confirming its status.
XRP is considered decentralized because major financial institutions have legally attested to the XRP Ledger’s decentralized nature in their official regulatory filings.
The debate involves critics claiming XRP is centralized, while legal evidence from ETF applications strongly affirms the network’s decentralized and permissionless design.
XRP’s investment case is strengthened by its clear regulatory status and institutional recognition as a decentralized asset, though all crypto investments carry risk.
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