Elon Musk's X platform faces backlash over pro-XRP account suspension as web 3.0 and blockchain technology shape the future.
Elon Musk’s X platform faces backlash over pro-XRP account suspension

Elon Musk and the Suspension of Digital Asset Investor.XRP

Recently, Elon Musk, executive chair and chief technical officer of X (formerly Twitter), has been criticized for the suspension of an XRP-related account, Digital Asset Investor.XRP.

Crypto Eri, a prominent figure in the crypto space, contacted Elon Musk on X to inquire if the account suspension was an error.

Digital Asset Investor.XRP was known for its vocal support of XRP (XRP), the asset of the XRP Ledger blockchain. XRP has been the subject of numerous controversies and legal disputes, most notably a lawsuit from the United States Securities and Exchange Commission (SEC) alleging that XRP is an unregistered security.

Despite the controversies, XRP has a loyal following of supporters who remain optimistic about its future. Digital Asset Investor.XRP became a hub for XRP advocates to exchange information, share their opinions, and engage in conversations about cryptocurrency.

Elon Musk’s Suspension and SEC Investigation

Although some have argued that Elon Musk’s suspension was a precautionary measure to prevent potential scammers, the lack of comment from X officials has sparked speculation.

In response to the suggestion that the suspensions were a deterrent to scammers, Crypto Eri was unwavering in her opinion that the account’s suspension was not justified:

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

Meanwhile, a recent report revealed that the SEC is currently investigating Musk. The inquiry focuses on whether Musk violated federal securities regulations with regards to his stock acquisitions and the statements and filings he made about the X acquisition.

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