Oh boy, here we go again! The security status of XRP is back in the spotlight, and Jason McCabe Calacanis from the All-In Podcast is stirring the pot on X (formerly Twitter, but who’s keeping track?). According to Jason, XRP being a centrally controlled security is as obvious as a toupee in a hurricane. Cue John Deaton, who’s like, “Hold my Bitcoin, I’ll explain this to you.” 🕶️
XRP: The Security That Just Won’t Quit
Calacanis claims that every crypto OG he’s talked to thinks XRP is the anti-Bitcoin. He even went as far as saying that if the SEC allows an XRP ETF, securities law might as well be written on a napkin and set on fire. 🔥 He didn’t name Ripple Labs directly, but he hinted that startups and funds could dump 50% of their tokens on retail investors, which would make the U.S. capital market look like a yard sale. 🏷️
John Deaton, ever the hero, responded by saying he’d be happy to educate Calacanis. He even dropped the mic by mentioning that 80% of his net worth is in Bitcoin and that he fought the SEC over XRP and won. 🎤
As someone who publicly disclosed (while running for U.S. Senate) owning 80% of his net worth in Bitcoin and, as someone who fought the SEC over this very issue and won (with a lifelong democratic judge, appointed by @BarackObama, citing to my efforts and legal work), I’d be…
— John E Deaton (@JohnEDeaton1) February 17, 2025
But let’s be real, Jason might just stick to his guns, proving once again that bias is thicker than water. 🤷♂️
Bitcoin Maxis: The Haters Gonna Hate
Since the idea of a national digital asset stockpile came up, XRP has been public enemy number one for Bitcoin maxis. Samson Mow, a top Bitcoin advocate, has been throwing shade at XRP like it’s his job. Some people even think Ripple Labs once tried to demarket Bitcoin to push its own crypto payment platform. Bitcoin maxis are convinced XRP doesn’t deserve a spot in the Bitcoin reserve, and they’re not shy about it. 🚫
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2025-02-17 16:06