Elon Musk Faces Backlash Over XRP-Related Account Suspension

Elon Musk, executive chair and chief technical officer of X (formerly Twitter), has been criticized for suspending an XRP-related account.

Crypto Eri, a prominent member of the cryptocurrency community, contacted Elon Musk directly on X to inquire whether the account suspension was an error.

Digital asset investor. XRP was recognized for its outspoken support of XRP, the asset of the XRP Ledger blockchain.

Longstanding controversies and legal disputes have surrounded XRP, including a lawsuit by the U.S. Securities and Exchange Commission (SEC) alleging that XRP is an unregistered security.

Nonetheless, XRP has maintained a set of committed supporters who remain optimistic about its future.

XRP served as a forum for XRP enthusiasts to share information and perspectives and engage in cryptocurrency-related discussions.

Although some individuals have defended Musk, suggesting that the suspension was a precautionary measure to prevent potential fraudsters, the absence of a response from X officials has given rise to rumors.

In response to a suggestion that the suspensions were intended to deter fraudsters, Crypto Eri remained adamant that the account suspension was unfair.

“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,”

The dispute, which has attracted the attention of prominent industry advocates such as pro-XRP attorney John Deaton, now centers on whether the suspension is an isolated incident or an indication of a resurgence of censorship in the X community.

A recent report reveals that the SEC is currently investigating Musk. The investigation concentrates on whether Musk violated federal securities regulations regarding his stock purchases and subsequent statements and filings regarding the X acquisition.

A recent report reveals that the SEC is currently investigating Musk. The investigation concentrates on whether Musk violated federal securities regulations regarding his stock purchases and subsequent statements and filings regarding the X acquisition.