Elon Musk Faces Backlash Over XRP Account Suspension

Elon Musk Faces Backlash Over XRP Account Suspension

The XRP community has called out Elon Musk for suspending a prominent XRP-related account on the X social media platform he owns.

The account in question, which goes by the handle @digitalassetbuy, was known for its vocal support of XRP, the native cryptocurrency of Ripple Labs. XRP has had its fair share of controversies and legal battles, including a lawsuit by the U.S. Securities and Exchange Commission (SEC) that alleged XRP to be an unregistered security.

The suspension of the @digitalassetbuy account has sparked outrage among XRP supporters, who accuse Musk of censorship and hypocrisy. Musk has been a vocal critic of the SEC in the past and has also spoken out in support of free speech.

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In response to the backlash, Musk defended the suspension, saying it was done because the account was “promoting scams.” However, many XRP supporters believe the suspension is unjustified and an attempt to silence dissent, reported Time Tabloid.

The suspension of the @digitalassetbuy account is the latest in a string of controversies involving Musk and the XRP community. In 2021, Musk was accused of manipulating the price of XRP by tweeting about the cryptocurrency. Musk has also been criticized for his close ties to Ripple Labs, a major XRP holder.

The issue has raised concerns about the future of free speech on X. Musk has said that he wants to make X a platform for free speech, but the suspension of the XRP account suggests that he may only be willing to tolerate some viewpoint.

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It remains to be seen how the suspension of the @digitalassetbuy account will affect the XRP community. However, the incident further damaged the strained relationship between Musk and the XRP community.

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About Camelia Bhattacharyya 261 Articles
Camelia is an intern for PanAsiaBiz studying at the Amity University, Kolkata [B. Tech (biotechnology)]. She is fond of writing on Science, Health, and Biotechnology topics.