Bill Morgan Rejects “Coinbase Lawyer” Tag After XRP Manipulation Speculation

Bill Morgan firmly dismissed media reports wrongly identifying him as a “Coinbase lawyer” following his remarks on XRP market trends.

Coinbase reduced its XRP holdings by around 69%, sparking speculation within the crypto community about potential manipulation efforts.

Morgan argued that XRP price movements were consistent with historical patterns, not evidence of deliberate actions by Coinbase.

Bill Morgan, a lawyer well-known in the crypto space, dismissed a recent media post that wrongly referred to him as a “Coinbase lawyer.” The post appeared just after he addressed speculation surrounding Coinbase and its alleged role in manipulating XRP’s market performance. Morgan described the mislabeling as a serious insult and clarified his true identity on X on Sunday, September 7.

The incident occurred during heated discussions within the crypto community about Coinbase’s reduced XRP holdings. Reports indicated that Coinbase cut its XRP reserves by nearly 69 percent, falling from 780 million XRP to 199 million XRP. This move fueled claims that the exchange attempted to push XRP prices lower through a massive sell-off.

Morgan’s Position on the Allegations

Morgan publicly challenged the claims, stressing that XRP’s price patterns followed a familiar cycle that had also appeared when Coinbase delisted the token and did not engage in trading. He acknowledged Coinbase’s continued hostile stance toward XRP but underlined that a reduction in holdings does not amount to market manipulation.

Following his comments, several outlets misrepresented Morgan as part of Coinbase’s legal team. Morgan firmly rejected this false association, highlighting that his role as a pro-crypto advocate has no ties to Coinbase. He emphasized that the mistaken title mischaracterizes his professional standing and urged the community to recognize his actual identity.

Broader Impact of the Dispute

The combination of Coinbase’s large-scale XRP reduction and Morgan’s defense fueled discussions about transparency and accountability in the crypto market. While Coinbase has not directly addressed the manipulation claims, Morgan’s statements helped redirect attention toward analyzing price movements instead of amplifying speculation.

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