Elon Musk, the executive chair and chief technical officer of X (formerly Twitter), has come under fire for the suspension of an XRP-related account, Digital Asset Investor.XRP. Crypto Eri, a prominent figure in the cryptocurrency community, directly reached out to Musk on X seeking clarification on whether the account suspension was a mistake.
Digital Asset Investor.XRP was known for its vocal support of XRP $0.52, the digital asset of the XRP Ledger blockchain. XRP has been embroiled in various controversies and legal disputes, including a lawsuit by the United States Securities and Exchange Commission (SEC) alleging that XRP is an unregistered security.
Despite the legal challenges, XRP has a dedicated group of supporters optimistic about its future. The suspended account provided a space for XRP enthusiasts to share information and perspectives on cryptocurrency.
While some defended Musk, suggesting that the suspension was a precautionary measure against potential scammers, the lack of response from X officials fueled speculation. In response to claims that the suspension was to deter scammers, Crypto Eri stood firm in her belief that the account’s suspension was unjust. She expressed empathy for the account owner, stating, “I have been doing my part to stick to the facts, even when I’m called the crypto police or part of the cancel culture. That’s not been fun.”
The controversy has caught the attention of industry advocates, including pro-XRP attorney John Deaton, who now question whether the suspension is an isolated incident or indicative of a broader resurgence of censorship within the X community.
Adding to the complexity, recent reports reveal an ongoing SEC investigation into Elon Musk. The inquiry focuses on whether Musk violated federal securities regulations related to his stock acquisitions and subsequent statements and filings about the X acquisition.