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Cryptocurrency lawyer Bill Morgan refutes the claim that XRP is a "shitcoin," stating that Ripple's extensive licensing applications and regulatory compliance worldwide contradict the allegations of fraud. He pointed out that Ripple holds over 75 licenses, including the recent preliminary approval of EMI in Luxembourg and FCA authorization in the UK, following Ripple's victory in a lawsuit against the U.S. Securities and Exchange Commission (SEC). Morgan emphasized that Ripple operates transparently within the regulatory framework, which is starkly different from typical scam entities that evade scrutiny. Nevertheless, some retail investors remain disappointed with XRP's stagnant price, which is currently around $1.95.