What Did Elon Musk Say About Ripple (XRP)?đš
Teslaâs visionary founder, Elon Musk, once again found himself at the center of attention when questioned about the future role of XRP in financial institutions. Though Musk carefully navigated his response without offering direct support or criticism of XRP, his broader take on cryptocurrencies remained clear.
During a recent public event, a member of the audience asked Musk a crucial question regarding XRP's future amidst the ongoing regulatory pressure from the SEC. Specifically, they inquired whether Musk saw the XRP Ledger becoming integrated into financial institutions down the line.
Musk Artfully Dodges XRP-Specific Question
In a cautious response, Musk sidestepped the XRP-focused query, opting instead to share his broader vision on the impact of cryptocurrencies in society. âI canât comment on any particular crypto,â he began, tactfully avoiding a direct stance.
The audience question was: âDo you think the XRP Ledger will be adopted by financial institutions in the future?â
Musk clarified his stance, statingâ âThis is neither an endorsement nor a critique of XRP, but I do think...â He made it clear that his remarks were not to be misinterpreted as taking any side on XRP specifically.
However, Musk reaffirmed his belief in cryptocurrencyâs key role in fostering personal financial freedom. His approach â acknowledging the transformative potential of crypto while steering clear of endorsing specific tokens â aligns with his growing caution in addressing the space.
As one of the most influential figures in the crypto realm, Musk has become increasingly wary of the weight his words carry, carefully crafting his statements to avoid unintended market shocks.
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