In a recent turn of events, Sean McBride, a former director at Ripple, has stirred up controversy within the XRP community. McBride’s statements have reignited discussions surrounding the alleged suppression of XRP’s price, shifting the blame from Ripple to the US government.
The debate on whether XRP’s price is being suppressed has been ongoing for years, with various theories circulating among community members. While some, like YouTuber Jerry Hall, previously pointed fingers at Ripple’s XRP sales as the cause, McBride’s recent remarks have brought a new perspective by attributing the suppression solely to actions by the US government.
#BigTech and #WallStreet are slipping as #Crypto is soaring. Meanwhile heavyweight CEOs are dumping their own stock (many for the first time #JamieDimon). #BRICS is getting ahead. #XRP is being suppressed by the Federal Government. They are picking the winners and the losers,…
— Sean McBride (@seanmcbride16) February 28, 2024
Read Also: Ripple CTO Dismisses XRP Price Suppression Claims
Unveiling New Accusations
McBride’s accusations, although lacking specific details on the government’s tactics, suggest that he believes the legal battle between Ripple and the SEC is being leveraged to manipulate XRP’s price negatively. Moreover, he raises concerns about potential biases in governmental decisions affecting cryptocurrencies.
McBride’s claims echo a growing sentiment in the wider crypto community regarding regulatory inconsistencies. Instances like the differing treatment of Ethereum by former SEC director William Hinman compared to other tokens have fueled suspicions of selective regulation and bias within the industry.
Proposed Solution: Political Advocacy
To counteract the alleged suppression, McBride calls upon the XRP community to engage actively in the upcoming US Senate election. He advocates for supporting candidates like Attorney John Deaton, known for his favorable stance on cryptocurrencies, who is challenging incumbent Senator Elizabeth Warren.
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Read Also: XRP ETF and Ripple IPO Forecast Sparks Anticipation For Huge Breakout To $7
Emphasizing the significance of the upcoming election for the XRP community, McBride urges holders to participate in combating what he perceives as corruption and tyranny. However, his use of political slogans like “Make America Great Again (MAGA)” has faced criticism due to its political implications.
Looking beyond the suppression claims, McBride hints at potential developments for XRP and Ripple. He predicted a spot-based exchange-traded fund (ETF) for XRP between 2024 and 2025 and predicts Ripple’s potential public listing outside the US by next year. While McBride’s claims remain unverified, they add fuel to the ongoing discourse on XRP’s future.
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