Altcoins
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The CEO of crypto data and research platform Messari backed Ripple and XRP Ledger. Ryan Selkis tweeted yesterday that he is more in agreement with Ripple than ever before as they must win a lengthy legal battle with the US Securities and Exchange Commission over whether XRP is a security. In addition, he hoped that such a result would allow the XRP Ledger to compete fairly as a digital payment network.
“I have been critical of Ripple in the past (for various reasons), but agree more with them than ever before.
Ripple should win the XRP-SEC case, and XRP Ledger should be able to compete fairly in digital payments on a global scale.
There is a demand!
I’ve been critical of Ripple in the past (various reasons), but more aligned with them than ever before.
Ripple should win the overreaching XRP-SEC case, and the XRP Ledger should be afforded the opportunity to compete fairly on digital payments infra globally.
Demand is there! https://t.co/fewaEami0p
— Ryan Selkis 🥷 (@twobitidiot) March 21, 2023
It is worth noting that Messari’s latest comment in support of Ripple followed Messari’s report on the XRP Ledger, with the headline: “XRP Ledger: more than Ripple which also caused a significant stir in the crypto community. The report details how XRPL works, demonstrating the capabilities of the blockchain, including the new token issuance function, decentralized exchange such as XPMarket, NFT functionality, etc. In addition, it is also indicated that the number of XRPL accounts is constantly growing and is approaching 5 million.
“New blocks or registries are created every 3-5 seconds; XRPL also includes its issued currencies (IOU), creating multi-asset functionality,” says Messari.
While some have pointed to the fact that Ripple ordered the Messari report as stated in the disclaimer, it should be noted that this appears to be standard practice for Messari. Notably, reports on other blockchains have also been commissioned by the companies behind them. However, despite this, it is also worth noting that the firm claims that the contracting company does not influence the content.
Selkis, by his own admission, has been a vocal critic of Ripple in the past, questioning the value of XRP, denouncing Ripple’s lack of transparency, and alleging possible fraudulent behavior. At the same time, back in 2021, he argued that Ripple was not guilty of violations of the securities law.
Unsurprisingly, Messari’s latest XRPL coverage has generated enthusiastic responses from members of the XRP community. Ripple CTO David Schwartz reacted to the post with a GIF showing excited surprise, a reaction shared by several members of the community.
https://t.co/ooANEGUFaq pic.twitter.com/X70tv5yssC
— David «JoelKatz» Schwartz (@JoelKatz) March 21, 2023
Deaton expressed his opinion by saying:
Ryan’s leadership and example here should be celebrated b/c we don’t have the luxury of being able to fight each other over disagreements when innovation comes under attack from an overreaching out of control regulator/government. Let the market decide the winners from the losers https://t.co/qfdhbamkdo
— John E Deaton (@JohnEDeaton1) March 21, 2023
The price of XRP has inexplicably increased by double digit percentages, potentially indicating market confidence as the judge’s ruling in the SEC case approaches. At press time, it has risen over 21% in the last 24 hours.
#Messari #Releases #XRP #Ledger #Report #Ripple #Win #Court
