Elon Musk’s X Platform Suspends Pro-XRP Account, Sparks Controversy
Elon Musk, X (formerly Twitter) executive chairman, has come under criticism by a section of the crypto community over his company’s recent action. The social media platform suspended an XRP-associated account.
Crypto Influencer Seeks Clarification
Crypto Eri, the renowned crypto influencer, has taken to the social media platform X, directly writing Elon Musk to inquire about the suspension of the Digital Asset Investor.XRP account. The account in question is famous for its advocacy for XRP, the crypto token associated with the Ripple blockchain.
Recall that the blockchain firm has been locked in a multi-year battle with the top US regulator, US SEC (Securities and Exchange Commission). XRP has been the subject of the ongoing lawsuit filed by the US SEC, alleging that the asset is offered to the public as an unregistered security.
Despite the legal challenges, Ripple still has the support of its robust community, who remain bullish about XRP’s prospects. The suspended X account was a hub for crypto enthusiasts to share insights, exchange information, and discuss XRP’s growth.
By drawing Musk’s attention to the suspended account, Crypto Eri hopes the X team can soon restore the account. While the XRP community awaits Elon Musk’s response, the incident is a reminder of the intricate relationships between influencers, industry figures, social media platforms, and the broader cryptocurrency ecosystem.
Controversy Over X’s Suspension
Meanwhile, some analysts argue that Musk’s recent suspension of the Digital Asset Investor.XRP account was a prudent move to prevent potential scammers. Regardless, X officials have not issued any statement regarding the recent incident.
In response to the suggestion that suspensions were a preventive measure against scammers, Crypto Eri maintains that this suspension was unjustified. The influencer added that there must be facts to support claims that suspending this particular account is genuinely a preventive measure, not a witch-hunt.
She noted that X’s action was unfair as the account suspension defeats its objectives of providing genuine updates about Ripple’s activities, including broader XRP use cases. Meanwhile, the incident has sparked a debate within the cryptocurrency community about the role of influential figures in ensuring the integrity of the digital asset space.
Is Musk Under SEC’s Investigation?
The account closure has prompted notable industry figures within the XRP community, like the pro-XRP attorney John Deaton to express their opinions. Some wonder whether the recent suspension was an isolated incident or part of a more significant trend of censorship within the X community.
Meanwhile, a recent report revealed that the US SEC is investigating the tech entrepreneur’s activities. Per the report, the probe looks into whether Musk violated federal securities laws when acquiring stock and subsequent statements and filings related to his acquisition of the social media platform.
As the XRP community deals with the ongoing developments, industry observers wonder whether there would be further revelations or implications for the community or Musk.
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