Attorney Bill Morgan says every token other than Bitcoin would have become a security by default if Ripple did not fight the SEC in court. Bill Morgan, an Australian-based lawyer, has joined other crypto community members in reacting to news of the SEC’s recent settlement with Stoner Cats 2 LLC (SC2). It is worth noting The post Expert Says “Every Token Other Than Bitcoin Would Be Security By Default” If Ripple Didn’t Fight SEC first appeared on The Crypto Basic .