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## Famous Backer: XRP Governed by Select Individuals
Jason Calacanis, a distinguished US angel financier recognized for his triumphant stake in Uber, strongly asserts that XRP, the digital currency linked to Ripple, is governed by a restricted circle of people with inside information.
This celebrated angel financier has also denounced the widely advertised abridged verdict pronouncement in July of the year 2023. This pronouncement declared that vending XRP tokens on exchanges does not comprise an investment agreement. Solana Achieves $400 Billion in Operations, Anticipates $1 Trillion in Five Years
In times past, Calacanis contended that XRP is a centrally governed security, in sharp divergence to Bitcoin’s decentralized characteristic.
He has declared that the token is clearly a security. The Ripple squad could register it as such for a nominal charge and abide by the regulations like everyone else in the sector.
He anticipated pandemonium if the U.S. Securities and Exchange Commission (SEC) were to sanction an XRP-based exchange-traded fund (ETF).
Subsequent to the SEC filing a legal action, Calacanis stated that XRP was a catastrophe and would obviously diminish to nothing.
As of late, Calacanis clarified that he does not possess any XRP or Solana (SOL) tokens.
## Will Bitcoin Be Superseded?
Although Calacanis has for a long time been a Bitcoin financier, he recently interrogated the destiny of the foremost digital currency in social media posts.
Some Bitcoin advocates rebuff this view, contending that Bitcoin is comparable to USB, internet protocols, or simple mail transfer protocols, which have remained prevailing for an extensive duration after attaining dominance.
All technologies are substituted over a period… Bitcoin is no different.
