Elon Musk faces criticism on XRP-related account ban on X

The suspended account, Digital Asset Investor.XRP, was prominent for its outspoken support of XRP, the asset of the XRP Ledger blockchain.

 
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Elon Musk | Image: Republic

Digital Asset Investor.X: The Executive Chair and Chief Technical Officer of X (formerly Twitter), Elon Musk, faced backlash for the suspension of an XRP-related account. A well-known figure in the cryptocurrency community, Crypto Eri, directly contacted Elon Musk on X to seek clarification regarding the account suspension and determine whether it was an error.

The suspended account, Digital Asset Investor.XRP, was prominent for its outspoken support of XRP, the asset of the XRP Ledger blockchain. XRP has been surrounded by controversies and legal disputes, notably a lawsuit by the United States Securities and Exchange Commission (SEC) claiming that XRP is an unregistered security.

Despite these challenges, XRP has maintained a dedicated group of supporters who remain optimistic about its future. Digital Asset Investor.XRP provided a space for XRP enthusiasts to exchange information, and perspectives, and engage in conversations about cryptocurrency.

While some individuals defended Musk, suggesting the suspension was a precautionary measure against potential scammers, the lack of a response from X officials led to speculation.

Resurgence of censorship on X?

In response to a suggestion that the suspensions were to deter scammers, Crypto Eri stood firm, believing the account's suspension was unjust. She stated, “I have been doing my part to stick to the facts. Even when I’m called the crypto police or part of the cancel culture. That’s not been fun. I have empathy because he built his whole channel around using the X platform.”

This dispute, attracting attention from industry advocates like pro-XRP attorney John Deaton, now centres on whether the suspension is an isolated incident or signals a resurgence of censorship within the X community.

In parallel, a recent report revealed an ongoing SEC investigation into Musk, focusing on potential breaches of federal securities regulations regarding his stock acquisitions and subsequent statements and filings about the X acquisition.

Published By : Anirudh Trivedi

Published On: 8 October 2023 at 10:28 IST