Ripple’s XRP recently surged past the $3 mark, but the cryptocurrency still faces significant scrutiny. The Securities and Exchange Commission’s (SEC) ongoing legal battle with Ripple remains a major concern, especially as some market predictions suggest that former President Trump could dismiss what some view as unfair crypto trials.
While Trump is focusing on creating a U.S. Bitcoin strategic reserve, other important issues, like reforming crypto policies and ensuring fair legal trials, seem to be put on hold. As a result, many in the crypto community feel that XRP is being overhyped and may face long-term challenges.
Bitcoin maximalist Samson Mow has reignited criticism, questioning Ripple’s legitimacy and XRP’s place in a potential U.S. strategic crypto reserve.
Mow’s criticism centers on his belief that XRP lacks real value. He accuses Ripple’s founders of creating 100 billion tokens “out of thin air.” Mow argues that adding XRP to a U.S. crypto reserve would mean giving taxpayer money to corporations that manipulate token supply.
This criticism adds to the ongoing debate about whether altcoins like XRP should be part of a strategic reserve, with Mow strongly supporting Bitcoin for its decentralized nature and scarcity.
Mow and Musk
Mow’s views align with Elon Musk
Interestingly, Charles Hoskinson
Meanwhile, Trump’s closed-door meeting with Ripple suggests some positive developments for XRP, hinting at a potential breakout despite the ongoing legal challenges.
Despite XRP’s price surge, its future remains uncertain, with challenges ranging from SEC scrutiny to vocal critics like Mow. While the price increase shows market optimism, many investors worry that the ongoing legal battle will delay any potential breakthroughs for the token.
XRP’s primary role as a cross-border payment solution for financial institutions has contributed to its limited adoption. As legal issues persist, many new investors may prefer tokens that don’t face the same regulatory challenges, making XRP less appealing.
If these issues aren’t resolved soon, they could pose a serious threat to XRP’s future under Trump’s leadership.
Ripple (XRP) has secured regulatory clarity in the lawsuit driving a positive price action.
Eric Trump, the Executive Vice President of the Trump Organization, has announced a strategic partnership…
Layer 2 tokens often derive their value from the Ethereum ecosystem, as they rely on…
Gemini Space Station, Inc., a well established cryptocurrency exchange by the Winklevoss brothers, has filed…
As the crypto market gains momentum heading into mid-2025, investors are wondering what is the…
The Titans of AI are forging the future. With billions poured into the industry, where…
Apertum has been officially designated as a key general blockchain within the Avalanche ecosystem —…