Whereas indirectly endorsing XRP, he underscored the significance of digital currencies in resisting centralised management.
Elon Musk, CEO of Tesla and SpaceX, addressed the potential of cryptocurrency throughout a city corridor in Pittsburgh, emphasising its position in safeguarding particular person freedom. Though he stopped wanting straight endorsing XRP, Musk highlighted how cryptocurrencies prefer it might be essential in resisting centralised management. His feedback have been met with enthusiasm from XRP supporters, with Ripple’s ongoing authorized battle in opposition to the SEC remaining a scorching subject.
The authorized dispute over whether or not XRP is a safety continues, as Ripple defends its place that XRP is a cryptocurrency. Ripple’s CEO, Brad Garlinghouse, agreed with Musk’s view, stressing that crypto and XRP are now not area of interest considerations however important points for voters who need insurance policies that foster innovation.
Musk’s involvement within the crypto area stays vital, with Tesla lately transferring $765 million value of Bitcoin to new wallets. Whereas Tesla stopped accepting Bitcoin for funds over environmental considerations in 2021, the corporate continues to have interaction with the crypto market, additionally accepting Dogecoin for some merchandise.
Musk discusses XRP and crypto’s potential at Pittsburgh event dig.watch 2024-10-23 13:22:41
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