On February 13, news broke that an old tweet from 2020 was recently rediscovered in the crypto community. Michael J. Casey, then an executive at CoinDesk and now Chairman of DAIS Global, once commented “Game Over” on a platform suspending XRP trading after U.S. regulators sued Ripple. At the time, this phrase was seen as a final judgment on XRP’s fate and deepened market concerns about its prospects in the U.S.
However, the reality did not unfold as predicted. In mid-2023, a U.S. federal court ruled that XRP circulating in the secondary market does not qualify as a security. This ruling marked a turning point, and subsequently, several major U.S. exchanges restored XRP trading. Since then, XRP has gradually emerged from regulatory shadows and re-entered the mainstream market.
Recently, XRP analysis account Digital Asset Investor reposted the “Game Over” comment, sparking heated discussion. Some supporters believe that XRP’s experience is not just a market cycle but the result of a complex interplay between regulation and industry power struggles.
Meanwhile, old emails related to Jeffrey Epstein have resurfaced, mentioning a person named “Michael Casey,” prompting some community members to speculate. Although the email content does not directly involve XRP, the coinciding timing has intensified controversy.
In response, several XRP community leaders have shared their views. Brad Kimes described this as a microcosm of “systemic suppression,” while YouTuber Zach Rector sees it as an extension of early crypto industry power struggles. Ripple’s Chief Technology Officer David Schwartz also responded, denying any organized conspiracy but acknowledging that fierce competition and irrational conflicts did exist in the early industry.
From being considered a “final chapter” to re-entering mainstream trading markets, XRP’s journey is seen by many investors as a testament to the resilience of the crypto industry. Regardless of how the controversy evolves, this asset has proven over time that it is far from “out.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ripple launches enterprise back-office to manage XRP and fiat, targeting the $13 trillion enterprise digital asset custody systems market
Ripple integrated digital asset functionality into its enterprise treasury management system, Ripple Treasury, introducing “Digital Asset Accounts” and “Unified Treasury,” enabling chief financial officers to manage XRP, RLUSD, and fiat assets at the same time without needing an additional wallet. This innovation is the first treasury management system with built-in digital asset capabilities, and it also plans to expand in the future to cross-border settlements and payments within the group.
動區BlockTempo6m ago
Ripple Thrives, XRP Lags: When Will the Price Catch Up? (ChatGPT Maps Out Breakout Timeline)
Ripple has made the news on numerous occasions in the past month, striking big partnerships or aiming for licenses that will significantly expand its global reach.
However, the altcoin linked to the Ripple ecosystem continues to struggle to stage any meaningful recovery. As such, we decided to
CryptoPotato8m ago
A CEX’s trading volume over the past 24 hours reached $1.106 billion, with XRP, BTC, and ETH ranking in the top three
According to CoinGecko data, on April 2, the trading volume of a certain CEX reached $1.106 billion. XRP, BTC, ETH, ONT, and USDT ranked as the top five by trading volume, with XRP accounting for 9.91%.
GateNews21m ago
XRP Holds Ground as Inflows Rise but Price Trails Highs
Key Insights:
XRP trades about 60% below its peak despite steady ETF inflows, reflecting a gap between improving fundamentals and current market valuation levels.
Institutional exposure through XRP ETFs reached 1.1 billion dollars, yet analysts say inflow scale remains too small to
CryptoFrontNews1h ago
Ripple Treasury puts XRP and RLUSD inside corporate finance for the first time
Ripple launched native digital asset capabilities in its treasury management system, enabling finance teams to manage XRP and RLUSD alongside fiat balances. This innovation positions Ripple ahead of competitors, integrating digital asset accounts into existing treasury functions.
CoinDesk1h ago
