John Deaton, the legal representative for XRP holders in the class-action lawsuit against the SEC, criticized Jed McCaleb for publicly attacking Ripple. Deaton pointed out the issue with a co-founder undermining the company, particularly during Ripple’s ongoing legal battle with the SEC, which has already caused significant financial strain.The ongoing feud between Ripple and its co-founder Jed McCaleb has taken a new turn, with the XRP community lashing out at McCaleb over his recent remarks. As Ripple continues its legal battle with the U.S. Securities and Exchange Commission (SEC), many in the community suspect that McCaleb may have played a role in the company’s regulatory troubles.
Jed McCaleb XRP Feud: How It Started
Jed McCaleb, one of Ripple’s original founders, left the company years ago to launch Stellar (XLM), a rival blockchain network. However, tensions between him and Ripple never fully subsided. Now, amid Ripple’s $150 million legal fight with the SEC, McCaleb’s statements have reignited controversy, with many in the XRP community believing he contributed to Ripple’s struggles behind the scenes.
Ripple’s ongoing lawsuit stems from SEC allegations that the company’s sale of XRP was an unregistered securities offering, amounting to $1.3 billion in illegal sales. The XRP community is particularly frustrated, given the years-long battle that has caused market uncertainty and drained Ripple’s resources.
XRP Community Reacts to the Jed McCaleb XRP Feud
McCaleb’s latest comments sparked outrage among XRP supporters, who took to social media to call him out. Ripple’s Chief Technology Officer, David Schwartz, also joined the conversation, delivering a sharp response:
“If you go after the king, you might as well not miss.” source
Schwartz’s remark was widely embraced by the XRP community, reinforcing the idea that McCaleb’s criticism had gone too far. Many saw it as an unnecessary attack, especially considering the legal pressures Ripple is already facing.
Why the Jed McCaleb XRP Feud Matters
This dispute goes beyond personal grievances—it highlights the broader struggles within the crypto industry. While Ripple fights to prove XRP is not a security, Stellar has largely avoided regulatory scrutiny. This stark contrast has fueled speculation about whether McCaleb, knowingly or unknowingly, contributed to Ripple’s challenges.
For XRP holders, McCaleb’s actions raise questions about loyalty and ethics. Was his departure just about competition, or did it have lasting consequences for Ripple? These unanswered questions continue to divide opinions within the crypto space.
Conclusion
As Ripple remains locked in its legal battle, the tension between McCaleb and the XRP community is unlikely to fade. While there’s no concrete proof of his involvement in the SEC case, his recent remarks have only added fuel to the fire. One thing is certain—the XRP community is standing by Ripple, and they won’t let McCaleb’s words go unchallenged.