Tesla CEO Elon Musk recently addressed a question about the future integration of XRP into financial institutions in the U.S. During a public discussion, he clarified that his response was not an endorsement or rejection of XRP. However, he noted that any cryptocurrency, by its decentralized nature, supports individual freedom.
This is definitely not an endorsement or lack of endorsement for XRP, but I do think crypto by its very nature helps with individual freedom.
While Musk didn’t provide a direct opinion on XRP’s potential role within U.S. financial institutions, his comments highlight crypto’s inherent value in promoting autonomy and financial liberty. The question comes as Tesla initiated its first Bitcoin transactions after a two-year hiatus. Surprisingly, the electric car, maker along with its CEO previously declared that none of his companies would venture into creating a cryptocurrency token.
XRP enthusiasts are disappointed with Musk’s apparent reluctance to speak about the token which is hogging the limelight amidst the ongoing legal developments.
Legal Expert Reacts on XRP Lawsuit Delay
Last week, legal advisor Jeremy Hogan, who is closely following the case, has recently expressed confusion about the timeline of the Ripple vs. SEC lawsuit. He noted that the case’s final decision was expected on October 17th but has still not appeared on the docket. This prompted Hogan to speculate that if the decision is not filed, the appeal could be eventually dismissed. While he admitted to being unfamiliar with the specifics of federal court appeals, Hogan decided to purchase 10,000 XRP as a precautionary measure.
Hogan’s tweet and his decision to buy the tokens have sparked intense discussion among the community. Some investors believe that the delay in the decision could be a positive sign, suggesting that the SEC may be struggling to prove its case against Ripple. Others remain cautious, noting that the legal process can be unpredictable.
