Ripple continues to face concerns about centralization and the distribution model of XRP, despite having achieved some legal victories. Financial expert Caitlin Long warns that the current structure makes it difficult for XRP to be chosen by the US government for important blockchain projects like public asset tokenization.
Three main points:
Controversial distribution model: 100 billion XRP were pre-mined and allocated from the beginning, without an ICO, leading many organizations to be skeptical about transparency and fairness.
Lack of trust from authorities: Long believes that in the context of tightening crypto policies, the US government will prioritize Ethereum or Bitcoin over Ripple due to its more decentralized network design.
Conflict of views in the community: Many experts counter Long, asserting that the XRP Ledger operates in a decentralized manner with more than 100 independent validators and does not resemble the ICO model like Ethereum did in the past.
Although Ripple has made significant progress in terms of products and legal matters, its past image remains a barrier preventing the company from being widely accepted at the policy level.