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Cryptocurrency News Articles
Messari Co-Founder Ryan Selkis Warns Ripple's Crash and Scandals Will Take Down the Entire Crypto Agenda in DC
Jan 19, 2025 at 05:42 am
Messari's Ryan Selkis has once again taken aim at Ripple and XRP. In a recent post on the X platform, Selkis described Ripple as a threat to the Trump
Messari co-founder and XRP skeptic Ryan Selkis has doubled down on his criticism of the San Francisco-based company and its cryptocurrency XRP. Selkis recently warned that Ripple's attempts to forge ties with the incoming Donald Trump administration could spell doom for crypto.
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty dined with President-elect Trump earlier this month. XRP has also made headlines for its recent market strides, with Messari’s Selkis highlighting some interesting comparisons.
According to Selkis, XRP is now bigger than Salesforce in market cap and is approaching the market capitalization of Bank of America. Furthermore, XRP is now larger than ride-hailing giant Uber, Spotify, PayPal, and MicroStrategy combined. Notably, XRP is also about 5X the size of America’s biggest crypto exchange, Coinbase.
Selkis highlighted these comparisons in a recent post on the X platform, adding that “Ripple’s crash and scandals will take down the entire crypto agenda in DC.” It is worth noting that XRP currently commands a $178 billion market cap following its recent rally, while Salesforce is valued at $310 billion.
However, for Selkis and other Ripple critics, this does little to detract from the fact that Ripple's parabolic growth is a potential threat to crypto. Selkis, meanwhile, claims that Ripple will unleash doom for crypto.
In a follow-up post intended to explain his aversion to Ripple, he posited that the company’s executives “aren’t good people,” possibly referencing co-founder Chris Larsen and CEO Bradley Garlinghouse.
“The reason I’m a dick about Ripple isn’t because I care about XRP or its memecoin rally. I’m happy for all of the retail holders who have made bank. My issue with them is that they aren’t content with just being billionaires, they lust for power,” Selkis asserted.
As ZyCrypto reported previously, Ripple donated $5 million worth of XRP to Trump’s presidential inaugural fund. Reports say that the U.S. Securities and Exchange Commission (SEC) under Trump could review its crypto-related cases and pause any that don’t have fraud allegations.
Industry lawyers also bet that the SEC will soon abandon its crypto cases. Ripple’s chief legal officer Stuart Alderoty said on Jan. 15 that the regulator’s long-running enforcement case against the firm was “likely to be abandoned” by the incoming Trump administration after the agency filed an appeal challenging a July 2023 ruling that partially dismissed claims against the company.
More interestingly, Trump is reportedly open to creating a wider national strategic reserve — prioritizing U.S.-founded cryptocurrencies like XRP. The news was enough to send XRP to a price not seen since 2018. The crypto peaked at $3.38 — just two cents from its all-time high price mark.
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- Rex Shares and Osprey Funds File Proposals for Spot Bitcoin (BTC), Ethereum (ETH), and $TRUMP Memecoin (TRUMP) ETFs
- Jan 22, 2025 at 09:00 am
- Just a day after President Donald Trump's inauguration and Gary Gensler's official exit from the SEC, investment management firms Rex Shares and Osprey Funds have filed proposals for numerous spot crypto exchange-traded funds (ETFs) featuring the newly launched $TRUMP memecoin, as well as Dogecoin, Ripple's XRP, and other assets.
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- Blocscale Launchpad Unveils $BLOC Token Private Sale, Empowering Real-World Asset Tokenization on the XRP Ledger
- Jan 22, 2025 at 09:00 am
- LIJA, Malta, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Blocscale, the first IDO launchpad on the XRP Ledger (XRPL), is on a mission to transform how real-world assets are tokenized globally.
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- XRP ETF Speculation Heats Up the Cryptocurrency Space as Remittix Makes Waves with Presale Success
- Jan 22, 2025 at 09:00 am
- The cryptocurrency space is abuzz with the potential launch of an XRP-focused Exchange-Traded Fund (ETF), a move that has Ripple's President hinting at a groundbreaking shift for the digital asset. This speculation is fueling discussions about XRP's price predictions, with some analysts forecasting a surge to $4.50. Meanwhile, an emerging player, Remittix, is creating waves in the blockchain space with its impressive presale performance, raising over $2.5 million. These two players are quickly reshaping the global payments landscape, driving significant investor interest in the future of digital finance.
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- Dogecoin Whales Explore Diversification as Lightchain AI (LCAI) Gains Traction in Niche Markets
- Jan 22, 2025 at 09:00 am
- Dogecoin's popularity as a meme coin has garnered a loyal following, with whales often influencing its market dynamics. However, recent trends indicate that these major players are diversifying their holdings to explore projects with specialized applications.