Tesla founder Elon Musk recently found himself in the spotlight once again when asked about the potential future of XRP in financial institutions. While carefully avoiding any direct endorsement or criticism of XRP, Muskâs response highlighted his broader views on cryptocurrency.
During a public appearance, an audience member posed a pointed question about XRPâs future in light of the SECâs recent crypto crackdowns. The questioner specifically asked if Musk envisioned the XRP Ledger being incorporated into financial institutions in the future.
Musk sidestepped XRP-specific question
In his measured response, Musk sidestepped the XRP-specific inquiry, instead offering a broader perspective on cryptocurrencyâs societal impact. âI certainly cannot speak to any specific crypto,â Musk began.
Elon Musk was askedâ âDo you envision the XRP Ledger being incorporated into the financial institutions in the futureâ
Elon responded by stating â â This is definitely not an endorsement or lack of endorsement for XRP, but I do thinkâŠ
Musk was quick to clarify that his comments should not be construed as an endorsement or criticism of XRP specifically. âThis is definitely not an endorsement or lack of endorsement for XRP,â he emphasized.
However, he did reiterate his belief in cryptocurrencyâs fundamental role in promoting personal freedom.
This careful balancing act â acknowledging cryptoâs potential while avoiding specific token endorsements â is characteristic of Muskâs recent approach to cryptocurrency discussions.
As a high-profile figure whose words can significantly impact markets, Musk has become increasingly cautious about his words.
