BEAMSTART Logo

XRP Is A ‘Centrally Controlled Security,’ Says Silicon Valley Angel Investor

Bitcoinist LogoBitcoinist4d ago

XRP Is A ‘Centrally Controlled Security,’ Says Silicon Valley Angel Investor - Bitcoinist

Quick Summary:

In a striking set of comments posted on X, angel investor Jason McCabe Calacanis—best known for backing over 300 startups including Uber and Robinhood—characterized XRP as "a centrally controlled security,” igniting a swift and pointed response from the cryptocurrency’s community of supporters.

There will be chaos in the markets as a million startups, funds and grifters start dumping 50% of their coins on retail while slowly selling the 50% they own and control,” Calacanis added.

Calacanis’s remarks once again spotlight the long-running debate over the digital asset’s regulatory status and the extent to which it might diverge from decentralized standards.

More Pictures

XRP Is A ‘Centrally Controlled Security,’ Says Silicon Valley Angel Investor - Bitcoinist (Picture 1)

or

Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-17 @ 10:00:07 (4 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26219146

View Article Analysis

About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "XRP Is A ‘Centrally Controlled Security,’ Says Silicon Valley Angel Investor" has 538 words across 32 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "XRP Is A ‘Centrally Controlled Security,’ Says Silicon Valley Angel Investor" was covered 4 days ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 14 news stories per day.

It's most recent story was published 9 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #26219146
  • URL: https://beamstart.com/news/xrp-is-a-centrally-controlled-17397869775228

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.