Jed McCaleb, the creator of Stellar, has addressed criticism surrounding his prior sales of XRP and his actions on the platform. In light of social media backlash, McCaleb stressed the importance of transparency in his dealings. He clarified that his XRP sales began well before any legal challenges were posed by the U.S. Securities and Exchange Commission (SEC) against Ripple. Throughout this period, he maintained that the community was kept informed about his selling activities.
Did McCaleb Intend to Disrupt the XRP Community?
In response to allegations questioning his intentions, McCaleb vehemently denied the claims circulating on social media. Critics like “Cryptoinsightuk” suggested that his sales were attempts to mislead regulatory bodies, while another user accused him of actions designed to damage the XRP community.
How Will the XRP Lawsuit Affect the Market?
McCaleb reiterated that his decision to sell XRP predates the SEC’s lawsuit against Ripple. He emphasized that his sales were not influenced by legal proceedings. Notably, he mentioned that his transactions on the Mt. Gox exchange took place years before the platform’s notorious hack.
Key points from McCaleb’s response include:
– He began selling XRP prior to any SEC legal action against Ripple.
– He maintained transparency throughout the selling process, keeping the community informed.
– His actions were not intended to harm the XRP community.
– Recent regulatory developments may positively influence XRP pricing.
Despite McCaleb’s assurances, his selling activities have led to ongoing skepticism within the XRP community. Many remain wary of his past large-scale transactions, especially during periods of significant price volatility, which continues to fuel doubts regarding his intentions.
