A viral video clip of Mark Yusko from Morgan Creek Capital, resurfaced by XRP advocate “Digital Asset Investor” (DAI), has sparked renewed debate in the crypto world. The clip features Yusko joking about the XRP community and standing by his statement that XRP is a scam, attributing price increases to order flow rather than improved functionality.
Following this, Scott Melker, also known as “The Wolf of All Streets,” distanced himself from Yusko’s views, stating he doesn’t consider XRP a scam and doesn’t focus on it. Melker’s comments fueled further discussion, with supporters of XRP emphasizing the project’s legal and market credibility post the recent SEC settlement.
Various voices in the crypto space, including “Cryptoinsightuk” and lawyer Bill Morgan, weighed in on the debate, highlighting the selective application of the “scam” label and the historical context of enforcement actions against Ripple. The debate underscores differing opinions on XRP’s legitimacy and its treatment within the industry.
With the recent conclusion of the SEC lawsuit against Ripple Labs, the legal distinction between XRP’s sales practices and the token’s intrinsic nature has become clearer. The ongoing discourse around XRP reflects broader discussions on utility, politics, and market narratives within the crypto community.
As of the latest update, XRP was trading at $[current price], showcasing the continued interest and volatility surrounding this controversial cryptocurrency.
