Pro-XRP lawyer Bill Morgan has criticized the Australian Securities and Investments Commission (ASIC) for its lack of substantial crypto regulation, drawing parallels between the Australian situation and that of the U.S. Morgan expressed disappointment in the failure of regulatory bodies like ASIC and the U.S. Securities and Exchange Commission (SEC) to provide clear guidelines for the cryptocurrency industry. Despite this criticism, Morgan did appreciate ASIC for refraining from excessive regulation through enforcement measures. In response to Ripple's Chief Legal Officer Stuart Alderoty's comments commending the Point Zero Forum in Zurich, Switzerland, Morgan highlighted the regulatory uncertainties faced by Australian crypto traders. The Australian traders can avail capital gains discounts under specific circumstances, implying a degree of regulatory leniency amidst the broader uncertainty in the regulatory landscape.