 
 
Ripple’s long-running debate over the XRP Ledger’s decentralization has resurfaced, with pro-Ripple attorney Bill Morgan pushing back against critics who label the network as “centralized.”
His comments came in direct response to Justin Bons, founder and CIO of Cyber Capital, who claimed that XRP lacks the decentralization needed to be considered a true permissionless blockchain.
Morgan, who has become a prominent legal voice in the XRP community, pointed out that every applicant for a U.S. spot XRP exchange-traded fund (ETF) has already described the XRP Ledger in formal filings as a “public, decentralized, permissionless blockchain.”
These documents, he stressed, are prepared and reviewed by lawyers, making misrepresentation legally risky. “Yet people like this guy who claim to have been in space for years continue to say that the XRPL is centralized and permissioned,” Morgan said on X.
ETF momentum puts XRP in the spotlight
The clash over XRP’s design comes at a critical moment for the asset. The U.S. Securities and Exchange Commission has cleared a new set of generic listing rules for spot crypto ETFs. This move is expected to speed up approvals beyond the well-established Bitcoin and Ethereum funds.
 
Analysts predict that Solana and XRP will likely be among the early beneficiaries, with several analysts forecasting that the change could pave the way for a wave of new crypto ETFs to hit exchanges in the months ahead.
Already, XRP-linked products are gaining traction. The Volatility Shares Trust XRP ETF currently manages around $200 million in assets, while open interest in CME XRP futures recently hit $1 billion.
Institutional demand is showing signs of momentum, with analysts estimating that spot XRP ETFs could attract as much as $10–$20 billion in inflows during their first year if regulators give the green light.
XRP is currently trading around $2.48, up over 35% in the past three months, giving the token a market value of roughly $148 billion. Analysts point to resistance levels between $3.07 and $3.31, projecting that an ETF approval could provide the spark for a fresh breakout.
Source: https://zycrypto.com/pro-ripple-attorney-disputes-claims-that-xrp-is-centralized-and-permissioned/