What Elon Musk Said About Ripple ($XRP )
Tesla founder Elon Musk once again captured attention when questioned about XRP’s future in financial institutions. Although he avoided directly endorsing or criticizing XRP, Musk’s response reflected his broader thoughts on cryptocurrency.
During a public event, an audience member asked about XRP’s future in light of the SEC’s recent crackdown on crypto. The question centered on whether Musk saw the XRP Ledger being integrated into financial institutions moving forward.
Musk’s Response to the XRP Question
Musk tactfully avoided addressing the XRP-specific question, instead offering a general view on cryptocurrency. “I certainly cannot speak to any specific crypto,” he began.
When asked if he envisioned the XRP Ledger being adopted by financial institutions, Musk made it clear that his comments should not be seen as an endorsement or rejection of XRP. “This is definitely not an endorsement or lack of endorsement for XRP,” he clarified.
However, Musk did restate his belief in cryptocurrency’s fundamental role in advancing personal freedom.
This balanced approach—acknowledging cryptocurrency’s potential while avoiding support for any particular token—reflects Musk’s current stance on crypto discussions. As a prominent figure whose words can move markets, Musk has become increasingly cautious with his statements.
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