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Title: XRP is Pre-Mined Security, says Max Keiser, Despite Ripple’s SEC Win
Max Keiser, a prominent figure in the cryptocurrency space, has recently expressed his views on Ripple’s (Ripple) and XRP. While some might expect him to be optimistic given the recent development that saw Ripple win its lawsuit against the Securities and Exchange Commission (SEC), Keiser surprisingly took an opposing stance, stating that XRP is pre-mined security.
Keiser’s argument centers around the fact that Ripple has over 37 billion XRP in escrow. This enormous amount of XRP, equivalent to $88.39 billion, raises significant concerns regarding the decentralized nature of XRP. As he emphasizes, a cryptocurrency with such a large portion held by its issuer is inherently compromised.
Notably, Keiser’s views are not isolated. There are other critics who share his concern and consider Ripple’s actions detrimental to the overall decentralization of XRP.
Source: https://u.today/xrp-is-pre-mined-security-says-max-keiser-despite-ripples-sec-win
