Bill Morgan Says Bons “Parrots” 2017 XRP FUD
The post Bill Morgan Says Bons “Parrots” 2017 XRP FUD appeared on BitcoinEthereumNews.com.
Crypto lawyer Bill Morgan said Cyber Capital founder Justin Bons miscast XRP as permissioned. Bons listed 11 large-cap tokens as “permissioned,” warning of “centralization disguised as crypto.” Morgan cited ETF filings that describe the XRPL as public and permissionless, rejecting the claim. A fresh dispute over XRP’s design flared after Justin Bons, founder of Cyber Capital, labeled XRP a permissioned, centralized cryptocurrency. Bill Morgan, a crypto lawyer who tracks the XRP case closely, pushed back and called the description a recycled talking point from 2017. The exchange reignited a long-running argument over how decentralization should be defined and measured for large networks. Why has this XRP debate resurfaced In his latest post on X, Morgan accused Bons of “parroting” a 2017-era FUD by describing XRP as a centralized cryptocurrency. Hahaha Every applicant for a spot or futures XRP has filed documents with the SEC describing the XRPL as permissionless and public but Justin is still parroting 2017 era FUD it is centralized and permissioned. https://t.co/2xYz9UVkmf — bill morgan (@Belisarius2020) October 17, 2025 Morgan’s rebuttal and the XRP ETF filings point Morgan referenced Bons’ post, where he listed 11 of the top 100 cryptocurrencies by market cap, claiming they run on permissioned blockchains that claim to be permissionless. The cryptocurrencies Bons listed include BNB, XRP, XLM, HBAR, MNT, and POL. Others are VET, ARB, OP, STX, and STRK. Bons warned his followers on X to beware of the cryptocurrencies he listed, labeling them as “centralization disguised as crypto.” According to the Cyber Capital founder, cryptocurrency’s value is based on decentralization. The XRP centralization narrative is a 2017-era FUD Meanwhile, Morgan noted that every applicant for a spot or futures XRP ETF has filed documents with the SEC describing the XRPL as permissionless and public. According to the renowned cryptocurrency lawyer, Bons…
Filed under: News - @ October 21, 2025 9:26 pm