Matthew Sigel, head of digital assets research at VanEck, stirred controversy within the XRP community with a sarcastic comment on X social media. His remark appeared to undermine the years of innovation behind the XRP Ledger (XRPL), leaving many community members and analysts outraged. Sigel's post seemed to mock XRP enthusiasts, suggesting he could never grasp the XRPL but acknowledged their passion for 'pretending it does something.' This critique provoked backlash, as XRP has been in development for over a decade, making strides in regulatory compliance, DeFi, and cross-border payments. Many in the XRP community felt his comments belittled their technological advancements. Prominent figures in the crypto space quickly challenged Sigel's remarks, emphasizing the XRPL's groundbreaking capabilities. Critics pointed out his lack of understanding, while others highlighted XRP's significant role in global payments. Despite Sigel's dismissal, supporters of XRP remain committed to showcasing the network's achievements and ongoing progress. Read more AI-generated news on: https://app.chaingpt.org/news

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