Ripple Flamed by Caitlin Long: XRP’s Future Looks Doomed, Banks Won’t Trust It

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Hold onto your keyboards, folks. Caitlin Long, CEO of Custodia Bank and purported oracle of all things sensible (or so we hope), has decided to drop a bomb about Ripple and its darling, XRP. In a recent episode of the Gold Goats ‘n Guns podcast-because what screams professionalism like goats and guns?-she called out Ripple’s shiny ecosystem as if it were a car with a flat tyre. Her verdict? XRP is essentially the Titanic, and the iceberg’s name is “Trust Issues.” 🚢💥

Caitlin Long Slam-Dunks Ripple and XRP with the Precision of a Sniper

The discussion kicked off with a whiff of speculation about Ripple’s supposed “regulatory blessing.” You know, like finding a unicorn in your backyard. Long didn’t hold back-she said that idea “overstates how important that network is,” which is a polite way of saying, “It’s not that special, honestly.”

According to her, the core issue isn’t just a bad haircut-it’s Ripple’s bloodline. “Banks have always been suspicious,” she declared, as if she’d just cracked the Da Vinci code. Centralized architecture? Check. Flawed tokenomics? Double check. Her words: “It’s a centralized network and the tokenomics are backwards,” probably with a dramatic eye-roll for extra effect. XRP’s supply is basically a pre-mine marathon, making trust vanish faster than your last crush after discovering they’re already dating someone else. “People who took the money early are never going to be trusted again,” she said, probably taking a sip of her tea while winking knowingly.

She then contrasted XRP’s shifty charm with Bitcoin and Ethereum-two platforms that apparently made money the right way: with no upfront cash, just a good idea, and perhaps some stubborn resilience. “That’s Bitcoin and Ethereum,” she claimed, as if they were the only two superheroes in the blockchain universe.

Ripple’s latest pivot-a regulated stablecoin-got her side-eye. She summed it up by saying, “They’re admitting the original plan didn’t work,” in the way a parent admits their kid’s art project looks like a UFO. Instead of convincing banks, Ripple’s now trying to charm regulated financial institutions with its shiny new stablecoin. Classic move: “It’s a fallback, not a triumph,” said no one ever.

Meanwhile, Ripple keeps pretending it’s secretly planning to replace SWIFT, that grand ol’ messaging system banks love. Spoiler alert: Caitlin says nope, not happening. “It’s not going to replace SWIFT,” she states with the confidence of someone who’s seen a few crypto fads come and go.

Legal drama? Oh yes. The SEC’s long, never-ending lawsuit about unregistered securities is the cherry on top of Ripple’s dystopian sundae. “That hamstrung them,” she said, like a parent scolding a mischievous child. She also threw in a political cane: “The Biden crackdown didn’t help Ripple much, but it hurt everyone else too,” which is true if you enjoy watching chaos unfold.

When asked what the US Treasury might pick for tokenizing US Treasuries, her answer was clear-Ethereum. Bitcoin might make a cameo appearance, but its layer twos? Not mature enough for prime time, darling.

XRP Community Reacts: The Roast Heard ‘Round the Blockchain

Oh boy, did the XRP fans go ballistic. Crypto Eri said Long’s comments were “ugly tribalism,” and accused her of confusing Ripple with the XRP Ledger. Because, of course, they’re two totally different things… or are they? Regardless, the community responded with the kind of fury usually reserved for bad memes.

Digital Asset Investor threw a direct punch at Ripple’s top brass, implying they’re still on track to get some shiny regulatory goodies soon. Meanwhile, Ashley Prosper suggested Long’s beef might simply be because Custodia Bank doesn’t have a Fed master account yet-like a kid jealous of the kid with the bigger ice cream cone.

But Long’s critique wasn’t just petty Twitter bait; she’s been waving her trust flag for a long time now. To her, blockchain infrastructure needs trust, decentralization, and long-term neutrality. XRP? Fails on all counts, in her eyes. Her closing line? “Ripple’s been around forever and hasn’t achieved much. It’s that simple.” 👀

Last we checked, XRP was trading at $2.94-probably contemplating its life choices.

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2025-08-07 02:14