X, formerly known as Twitter, has faced backlash after suspending a prominent XRP-related account. Seeking assistance and a resolution, the members of the crypto community have directly reached out to the social media site’s billionaire owner, Elon Musk.
The Banned XRP Account
The X platform recently suspended Digital Asset Investor.XRP from its platform. This account was known for being a vocal champion of the XRP cryptocurrency. XRP has for the longest time been enshrouded in controversy and a courtroom battle where the U.S. Securities and Exchange Commission accuses it of being an unregistered security. Moreover, the token has for years been dismissed, overlooked, or outright scorned by much of the crypto community.
Despite these hurdles, XRP has always maintained an army of ardent fans who are confident about its potential. Digital Asset Investor.XRP has gained significant traction among the crypto community for allowing XRP devotees to share insights and updates regarding the fifth-largest cryptocurrency. The account was, however, suspended unexpectedly, leaving most shocked.
The move prompted Crypto Eri, a popular figure in the cryptoverse, to reach out to Elon Musk in a bid to find out whether the sudden account suspension was just a mistake.
Some X users were in support of Musk, implying that the suspension was an effort to safeguard users against scammers on the platform. Yet, the lack of any communication from X executives has sparked a flurry of speculation and deliberation in the cryptosphere.
With the suspension attracting the likes of pro-Ripple lawyer John Deaton, users are now wondering whether it’s an isolated case or indicates the revival of censorship on the social media giant.
Nonetheless, Crypto Eri maintained that the action against Digital Asset Investor.XRP 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.”
In the meantime, the SEC has sued Musk for failing to testify in the regulator’s investigation relating to his $44 billion takeover of X last October. The agency is investigating whether the eccentric billionaire violated federal securities laws when he purchased stock in X.