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XRP Is A ‘Centrally Controlled Security,’ Says Silicon Valley Angel Investor

Bitcoinist LogoBitcoinist1w ago

XRP Is A ‘Centrally Controlled Security,’ Says Silicon Valley Angel Investor - Bitcoinist

Quick Summary:

In a striking set of comments posted on X, angel investor Jason McCabe Calacanis—best known for backing over 300 startups including Uber and Robinhood—characterized XRP as "a centrally controlled security,” igniting a swift and pointed response from the cryptocurrency’s community of supporters.

There will be chaos in the markets as a million startups, funds and grifters start dumping 50% of their coins on retail while slowly selling the 50% they own and control,” Calacanis added.

Calacanis’s remarks once again spotlight the long-running debate over the digital asset’s regulatory status and the extent to which it might diverge from decentralized standards.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-17 @ 10:00:07 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26219146

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 7 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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