Is XRP a Commodity? Bill Morgan Says That’s Not the Point

Lawyer Bill Morgan calls arguments that XRP lacks legal clarity “illogical nonsense.” He states XRP’s clarity isn’t solely dependent on a court classifying it as a commodity. Morgan argues government legislative failure, not courts, fuels crypto classification debates. Renowned crypto lawyer Bill Morgan has faulted the argument by a section of the crypto community claiming that XRP lacks legal clarity because no court has officially classified it as a specific type of asset. Morgan chastised such an argument through his latest post on X, simply “ illogical nonsense. ” There is illogical nonsense being spread about the issue of legal clarity and XRP. The proposition is that XRP lacks legal clarity because no court has ‘classified’ what it is. Bitcoin maxis say Bitcoin has been classified as a commodity but XRP has not been so classified so… — bill morgan (@Belisarius2020) June 3, 2025 Morgan: “Commodity” Label Not Sole Path to Legal Clarity According to Morgan, XRP critics, especially Bitcoin maximalists, say the court has classified BTC as a commodity, while XRP has no such classification. They use that logic to claim the latter lacks legal… The post Is XRP a Commodity? Bill Morgan Says That’s Not the Point appeared first on Coin Edition .