Bill Morgan Denies XRP Manipulation Allegations and Media Mislabeling

Jakarta, Pintu News – Bill Morgan, wrongly identified as Coinbase’s lawyer, has denied allegations of Ripple (XRP) price manipulation and strongly condemned mislabeling by the media. This misunderstanding comes amidst a heated debate in the crypto community regarding alleged price manipulation by Coinbase.

Mistaken Identity

Bill Morgan, a lawyer whose reputation is recognized, has recently been the subject of inappropriate news. The media has incorrectly identified him as Coinbase’s lawyer, a label he vehemently rejects. Morgan insists that he has no professional affiliation with Coinbase and that the labeling is damaging to his reputation.

This error comes amid speculation that Coinbase may have manipulated the price of Ripple (XRP). These speculations were reinforced by reports that Coinbase had significantly reduced their Ripple (XRP) holdings, from 780 million XRP to just 199 million XRP. This represents a reduction of about 69%, which has raised suspicions among investors and market watchers.

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Price Manipulation Speculation

The debate over Ripple (XRP) price manipulation by Coinbase heated up after a massive reduction in XRP holdings by the exchange. The crypto community began to speculate that this massive sale was an attempt to deliberately drive down the price of XRP.

However, Morgan challenges this narrative with a strong argument. According to Morgan, the recent Ripple (XRP) price movements are part of a regular pattern that also occurs when Coinbase is not conducting any market activity, only delisting tokens from its trading platform. Morgan emphasized that there is no concrete evidence to support claims that Coinbase is deliberately manipulating the price of XRP.

Clarifications and Implications

In an effort to clear his name and correct misinformation, Morgan has been actively speaking out in the media space. He emphasized the importance of accuracy in reporting and strongly criticized the media for not properly verifying the facts. This misidentification has not only impacted Morgan’s reputation, but also created confusion in the crypto market.

Morgan also acknowledged that Coinbase does have an unfavorable attitude towards Ripple (XRP), but he reiterated that Coinbase’s reduction in XRP holdings should not be seen as evidence of price manipulation. This is an important example of how inaccurate information can influence market perception and value.

Conclusion

Misunderstandings and misinformation can have a significant impact on an individual’s reputation and market perception. It is important for the media and community to ensure the accuracy of information before disseminating it.

Bill Morgan has taken the right steps to clarify his position and refute unsubstantiated claims, championing truth and transparency in an often misunderstood industry.

Also Read: 4 Reasons El Salvador Moved IDR11 Trillion in Bitcoin: Protection or Sell Signal?

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Reference

• U.Today. Coinbase Lawyer Bill Morgan Shuts Down False Media Labeling. Accessed on September 8, 2025