Top VC Claims XRP Is a Security - This How XRPCommunity Roasted

[Sophie Robert]

Jason Calacanis, a prominent venture capitalist, sparked debate on Twitter by asserting that XRP, is "obviously a security," adding gasoline to the ongoing legal dispute between Ripple and the U.S. SEC.

XRPCommunity Reacted to this tweet -
“Go try to register a digital asset as a security before you make ridiculous statements like this,” says Mike Belshe, the co-founder and CEO of digital asset trust company BitGo, Responding to Calacanis’s statement. Also adds saying “this is an ignorant view”.

Following this another leader, Jacob Franek, co-founder and former COO of Coin Metrics, stated “It bears repeating over and over — the asset itself, XRP, is highly unlikely to be a security. Your job is literally investing. You should try actually educating yourself on securities laws,”

CEO of Ripple - Brad Garlinghouse also replied "remind me when you learned securities law?! This is embarrassing for you (and hilariously wrong as there is no framework to register digital assets in the US), but we're all used to you making controversial statements and trolling about things you know nothing about..."

What's your opinion on this? I think this was a very stupid statement by Jason and somewhere proves uneducated about the new trend and web3 space (this is what Brad Garlinghouse tweet highlighted too).