🚨 Ripple CTO Claps Back at Custodia Bank CEO Over XRP Remarks 🚨
A heated debate is stirring in crypto circles after Custodia Bank’s Caitlin Long criticized Ripple, the XRP Ledger, and its new RLUSD stablecoin.
💥 What Sparked It?
On the Gold Goats ‘n Guns podcast, Long claimed:
XRP never fully met its vision as a bridge currency for banks.
Ripple’s structure & early funding raised doubts for institutions.
RLUSD’s issuance through Ripple’s regulated entities shows a “pivot” from pure XRPL settlement.
If the U.S. tokenizes Treasury bills, Ethereum — not Ripple — would be the top pick.
⚡ XRP Army Fires Back
XRP advocate Vet countered:
XRP’s launch ≠ ICO (100B tokens created in genesis ledger with zero market value).
XRPL is decentralized with 1K+ nodes & 100+ validators.
RLUSD is issued on XRPL.
XRPL pioneered features like a native DEX & built-in tokenization.
🎯 Ripple CTO Steps In
David Schwartz acknowledged Vet’s points and invited Long to a public, fact-based debate on Ripple’s tech, RLUSD’s role, and XRPL’s future.
🔥 Will Long accept? The crypto community is watching.
💬 What’s your take — valid critique or unfair shot at XRP?