X (previously Twitter) govt chair and chief technical officer Elon Musk has confronted criticism for the suspension of an XRP-related account.
Crypto Eri, a well known determine within the cryptocurrency neighborhood, directly reached out to Elon Musk on X, searching for clarification on whether or not the account suspension was an error.
The account in query — Digital Asset Investor.XRP — was acknowledged for its outspoken advocacy of XRP (XRP), the asset of the XRP Ledger blockchain. Varied controversies and authorized disputes have lengthy surrounded XRP, notably a lawsuit by the US Securities and Trade Fee (SEC) claiming that XRP is an unregistered security.
— Crypto Eri Carpe Diem (@sentosumosaba) October 6, 2023
Nonetheless, XRP has sustained a dedicated group of backers who stay optimistic about its future. Digital Asset Investor.XRP served as an area for XRP fans to alternate data and views and take part in conversations about cryptocurrency.
Though some people have defended Musk, suggesting that the suspension was a precautionary measure to forestall potential scammers, the absence of any response from X officers has given rise to hypothesis.
In reply to a comment proposing that the suspensions had been a measure to discourage scammers, Crypto Eri remained steadfast in her perception that the account’s suspension was unjust:
“I’ve been doing my half to stay to the info. Even once I’m referred to as the crypto police or a part of the cancel tradition. That’s not been enjoyable. I’ve empathy as a result of he constructed his entire channel round utilizing the X platform,”
The dispute, which has garnered the eye of distinguished business advocates, corresponding to pro-XRP legal professional John Deaton, now revolves round whether or not the suspension is an remoted incident or alerts a resurgence of censorship throughout the X neighborhood.
In the meantime, a latest report has disclosed an ongoing SEC investigation into Musk. The inquiry focuses on whether or not Musk breached federal securities laws regarding his inventory acquisitions and subsequent statements and filings about the X acquisition.