In the striking set of comments published on X, Angel investor Jason McCabe Calacanis – the most vital of supporting over 300 startups, including Uber and Robinhood – characterized XRP as “centrally controlled security”, igniting a quick and indicating response from the Supporters Communi community.
Calacanis, who is also the founder and general director of Launch (including starting accelerator and University of Angel), published his comments in response to the position of January 9 by PolyMarket, indicating that the general director of Ripple Brad Garlinghouse has recently met with former US president Donald Trump on dinner. This year PolyMarket noticed a chance for a potential point exchange fund (ETF), setting them at 70%.
Referring to his discussions with early cryptographic adopters, Calacanis questioned both the digital assets as a decentralized resource, as well as the implications of all positive regulatory positions. “XRP is centrally controlled safety – is it even a question for someone here?” He wrote.
“According to each crypto I talk to, this is the opposite of bitcoins. If SEC allows trade like Bitcoin, the right of securities will be worthless. Chaos will take place in the markets, because a million startups, funds and grifters begin to lose 50% of their coins on the retail, and at the same time slowly sell 50% that they have and control ” – added Calacanis.
In addition, he argued for limiting trade to accredited or “sophisticated” investors, claiming that at least this would provide participants with the risk: “Such chaos is not a good idea for America, because the world believes that we have stable and controlled markets markets – and are ready to park and invest your money with us. “
Calacanis also claimed that “if there was a sophisticated investor test, and XRP could only be traded by people who pass this test, well, at least these people would be developed on how dangerous it is to invest too much in such projects.”
Swift XRP Community processback
The community members objected to the position of Calacanis, questioning its characteristics of digital assets and indicating the functioning network structure. The veterinarian (@vet_x0), independent dunl validator, maintained that XRP acted similarly to bitcoins, if it is a “neutral free from the contractor.”
“XRP and Bitcoin are the same in the sense of being a neutral, free contractor and living on a decentralized and open source code. Their differences are the way they produce new blocks. The book uses a consensus protocol, and Bitcoin uses mining. There are almost 1,000 knots and hundreds of validators leading XRPL, “he argued.
Another user of X, Brandon (@BLuefoxalaska), reminded Calacanis that there were already foundations of the court relevant to the classification of digital assets: “There were court decisions, Jason. Very bright. Court rulings. XRP is not security. At this point, it is obvious that you are aware of these facts, but enjoy antagonization … There must be a personal Wendet with you and Brad Garlinghouse … what is this tea? “
Calacanis’s comments once again display a long -term debate on the regulatory status of the digital resource and the range in which it may differ from decentralized standards. Although the court’s decision in the US Ripple concerned that XRP was not a security, disputes remained, especially in the case of the “maximalist” Bitcoins community.
During the XRP press, it traded at USD 2.64
A distinguished painting created from Dall.e, chart from tradingview.com
