X, the social media platform owned by Elon Musk, is facing criticism for suspending an account dedicated to the cryptocurrency XRP without explanation.
The account, Digital Asset Investor.XRP, was known for its vocal support of XRP and served as a hub for XRP enthusiasts. regulations-by-end-of-november">Crypto influencer Crypto Eri directly contacted Elon Musk on X asking if the suspension was an error.
Some have speculated the account was suspended preventively to avoid crypto scams. However, the lack of response from X and Elon Musk as to the specific reason has raised concerns over potential censorship.
Attorney John Deaton and Crypto Eri argued the suspension seemed unjustified. The dispute centers on whether it was an isolated incident or signals renewed censorship under Elon Musk’s leadership.
The controversy arises as Elon Musk is reportedly under SEC investigation for potential securities violations relating to his acquisition of X. The XRP account suspension only further fuels distrust between the crypto community and Musk.
Without clarification from X, the move appears hypocritical given Elon Musk’s stated commitment to free speech. The debacle highlights ongoing tensions between crypto and centralized platforms like X controlling speech.
