Elon Musk, the executive chair and CTO of X (formerly Twitter), is facing criticism over the suspension of an XRP-related account on the platform. Prominent cryptocurrency figure Crypto Eri reached out to Musk on X to seek clarification regarding the suspension.
The Controversial Suspension
The suspended account, known as Digital Asset Investor.XRP was well-known for its vocal support of XRP, the cryptocurrency associated with the XRP Ledger blockchain. XRP has been mired in controversy, with a lawsuit by the U.S. Securities and Exchange Commission (SEC) claiming it’s an unregistered security.
— 🌸Crypto Eri 🪝Carpe Diem (@sentosumosaba) October 6, 2023
Despite these challenges, XRP has maintained a dedicated community of supporters who remain optimistic about its future. Digital Asset Investor.XRP provided a platform for enthusiasts to share information, perspectives, and engage in cryptocurrency discussions.
Crypto Eri’s Perspective
Crypto Eri, unwavering in her belief that the suspension was unjust, 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.”
The dispute has caught the attention of prominent industry advocates, including pro-XRP attorney John Deaton. It now revolves around whether this suspension is an isolated incident or signifies a resurgence of censorship within the X community.
SEC Investigation into Musk
Meanwhile, recent reports have revealed an ongoing SEC investigation into Elon Musk. The inquiry is focused on whether Musk violated federal securities regulations related to his stock acquisitions and subsequent statements and filings regarding the X acquisition.
As the situation unfolds, it raises important questions about the role of social media platforms in cryptocurrency discussions and the potential consequences of account suspensions in the crypto space.