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Thursday, December 7, 2023

Elon Musk’s X platform faces backlash over XRP account suspension

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X (formerly Twitter) executive chair and chief technical officer Elon Musk has faced criticism for the suspension of an XRP-related account.

Crypto Eri, a well-known figure in the cryptocurrency community, directly reached out to Elon Musk on X, seeking clarification on whether the account suspension was an error.

The account in question — Digital Asset Investor.XRP — was recognized for its outspoken advocacy of XRP (XRP), the asset of the XRP Ledger blockchain. Various controversies and legal disputes have long surrounded XRP, notably a lawsuit by the United States Securities and Exchange Commission (SEC) claiming that XRP is an unregistered security.

Not cool. @elonmusk, I hope this was a mistake. pic.twitter.com/lcjpN5tZcE

— Crypto Eri Carpe Diem (@sentosumosaba) October 6, 2023

However, XRP has sustained a committed group of backers who remain optimistic about its future. Digital Asset Investor.XRP served as a space for XRP enthusiasts to exchange information and perspectives and participate in conversations about cryptocurrency.

Although some individuals have defended Musk, suggesting that the suspension was a precautionary measure to prevent potential scammers, the absence of any response from X officials has given rise to speculation.

In reply to a remark proposing that the suspensions were a measure to deter scammers, Crypto Eri remained steadfast in her belief that the account’s suspension was unjust:

“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,”

The dispute, which has garnered the attention of prominent industry advocates, such as pro-XRP attorney John Deaton, now revolves around whether the suspension is an isolated incident or signals a resurgence of censorship within the X community.

Related: X's 'everything app' push continues as Elon Musk tests video game streaming

Meanwhile, a recent report has disclosed an ongoing SEC investigation into Musk. The inquiry focuses on whether Musk breached federal securities regulations concerning his stock acquisitions and subsequent statements and filings about the X acquisition.

Magazine: Pro-XRP lawyer John Deaton ‘10x more into BTC, 4x more into ETH’: Hall of Flame

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