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
XRP slides toward $1.35 as liquidation wave signals weak support
XRP has dropped to around $1.35 after a sharp sell-off, influenced by forced liquidations and bearish trader sentiment. The price remains under $1.40, with key support at $1.35 that could determine future volatility and direction.
CoinDesk53m ago
Ripple's Schwartz Denies Pre-Allocated XRP Contracts Are Real - U.Today
David Schwartz, Ripple's CTO Emeritus, refutes a rumor claiming the company secretly allocated most of its XRP escrow to hidden institutional players. He emphasizes the importance of organic growth without artificial incentives for banks.
UToday1h ago
XRP is under selling pressure during the market-wide correction: What's next?
Ripple (XRP) is increasing selling pressure as it slips below the important threshold of $1.40, trading around $1.37 at the time of recording on Friday. This development extends the correction since the weekly peak of $1.61 established on March 17, reflecting a clear weakening trend. At the same time, XRP also cannot hold its position.
TapChiBitcoin2h ago
XRP Today News: Leverage Ratio Drops 78% Sharply, On-Chain Transaction Volume Hits a New Annual High
XRP derivatives market leverage drops to its lowest level in nearly nine months, indicating that the market overheating pressure is easing. At the same time, XRPL’s weekly transaction volume reaches 19 million, driven by Ripple’s business progress and new partnerships. However, the technical risk XRP faces lies in its head-and-shoulders top pattern; the key support level is between $1.37 and $1.40, and a break below could lead to a pullback.
MarketWhisper3h ago
