Elon Musk's X platform faces backlash over XRP account suspension

Elon Musk's X platform faces backlash over XRP account suspension
courtesy of cointelegraph.com

Crypto Eri seeks clarification on account suspension

Elon Musk, the executive chair and chief technical officer of X (formerly Twitter), is facing criticism after a well-known cryptocurrency figure, Crypto Eri, reached out to him seeking clarification on the suspension of an XRP-related account. The account in question, Digital Asset Investor.XRP, was known for advocating for XRP, the asset of the XRP Ledger blockchain. XRP has been the subject of controversy and legal disputes, including a lawsuit by the SEC claiming it is an unregistered security.

Community shocked by account suspension

The @digitalassetbuy account, which served as a gathering place for XRP enthusiasts, was unexpectedly suspended, leaving its followers surprised and confused. While some have defended Musk, suggesting the suspension was a precautionary measure against scammers, the lack of response from X officials has led to various speculations.

Crypto Eri calls suspension unjust

Crypto Eri, in response to a remark suggesting the suspensions were meant to deter scammers, believed the account's suspension was unjust. She stated, "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. I have empathy because he built his whole channel around using the X platform."

Concerns over censorship in the X community

The suspension of the XRP-related account has sparked a debate about whether this incident is isolated or indicative of a resurgence of censorship within the X community. Prominent industry advocates, including XRP holder's attorney John Deaton, have taken notice of the dispute.

Elon Musk's X platform faces backlash over XRP account suspension
courtesy of cointelegraph.com

SEC investigation into Musk

In the midst of these controversies, it has been revealed that the SEC is currently investigating Musk. The focus of the inquiry is whether Musk violated federal securities regulations in relation to his stock acquisitions and subsequent statements and filings regarding the X acquisition.