Political Insider Calls XRP a Scam, Ripple CEO Meeting With Senator Lummis Canceled

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In the swirling tempest of the crypto cosmos, where fortunes are made and lost with the flick of a digital coin, Ripple finds itself ensnared in a web of political intrigue. Will Cole, the son-in-law of the esteemed Senator Cynthia Lummis, has emerged from the shadows, brandishing his words like a sword, declaring XRP and its progenitor Ripple to be nothing more than a “centralized joke of a scam.” Oh, the irony! A family affair turned public spectacle! 😂

Cole, ever the vocal critic, has not merely dipped his toes into the waters of controversy; he has plunged headfirst, suggesting that Ripple’s troubles with security fraud are merely the tip of a colossal iceberg. He has taken aim at the very architects of Ripple, accusing them of greed so profound it could rival the depths of the Mariana Trench, and of dishonesty that would make even the most seasoned politician blush. 😏

Why Senator Lummis Might Be Avoiding Ripple?

Enter crypto lawyer Bill Morgan, who, with the wisdom of a sage, posits that if Senator Lummis harbors even a whisper of her son-in-law’s sentiments, it would illuminate her recent decision to dodge a rendezvous with Ripple’s CEO, Brad Garlinghouse. A wise move, perhaps? 🤔

Garlinghouse had set his sights on a meeting with Lummis in the hallowed halls of Washington, D.C., to discuss the labyrinthine world of crypto regulations. Alas, the meeting was canceled, leaving him to wallow in disappointment, for Lummis wields considerable influence as the head of the Senate Digital Assets Subcommittee. A missed opportunity, indeed! 😢

Morgan speculates that a public meeting with Garlinghouse could unleash a torrent of backlash, inviting accusations of favoritism that politicians, with their finely tuned radar for public opinion, are loath to encounter. After all, who wants to be the target of a political storm? 🌪️

Meanwhile, the crypto community has not been shy in voicing their opinions, with some accusing Lummis of playing favorites with Bitcoin, while others, like Troy Cross, commend her for “keeping the scammers at bay.” A veritable tug-of-war of ideologies! 🎭

Bitcoiners Slam XRP as “Fake Token” Targeting Retail Investors

As the debate rages on, Pierre Rochard, the CEO of Catholic Bitcoin, has taken a shot at Garlinghouse, claiming he has sullied his reputation by endorsing CBDCs and launching attacks on Bitcoin. Childish, he says! The crypto realm, he argues, is in dire need of leaders with gravitas. 🧐

In a twist of fate, Cole has resurrected some scathing critiques of XRP from Rochard, warning that holding XRP could be akin to clutching a ticking time bomb. He dismisses it as a “fake token” aimed squarely at unsuspecting retail investors. A bold proclamation! 💣

Earlier, Bitcoin enthusiasts were left fuming when President Trump unveiled a crypto strategic reserve for the U.S., which included XRP among a motley crew of altcoins. JAN3 CEO Samson Mow did not hold back, branding the move “hypershitcoinization,” and accusing the reserve of lining the pockets of project founders like Ripple and Vitalik Buterin. Oh, the drama! 🎬

These remarks underscore a prevailing skepticism among key figures in the crypto community regarding XRP’s value and legitimacy. A saga of intrigue, betrayal, and the relentless pursuit of truth in the digital age! 🕵️‍♂️

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2025-05-20 14:16