XRP has once again found itself in the spotlight as Jeremie Davinci, a prominent Bitcoin advocate and cryptocurrency influencer, has branded the digital asset a “scam you can gamble on.” His remarks, made earlier this week, have stirred the crypto community, drawing both criticism and support. The revelation came amid ongoing debates about XRP’s legitimacy and value within the ever-tumultuous cryptocurrency landscape.
XRP’s Checkered Past and Present
XRP, the digital currency associated with the Ripple network, isn’t new to controversy. Its history is peppered with legal challenges, most notably the ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) that began back in December 2020. The SEC contends that XRP should be classified as a security, a claim Ripple Labs vehemently denies. These legal entanglements have left a shadow over XRP’s reputation, making it a frequent topic of debate among crypto enthusiasts and skeptics alike.
Jeremie Davinci, known for his early support of Bitcoin and candid opinions, didn’t mince words. “XRP is a scam you can gamble on,” he stated, pointing to what he perceives as inherent risks in the asset’s structure. For Davinci, XRP represents a speculative endeavor rather than a sound investment, a sentiment that resonates with many in the Bitcoin maximalist camp.
Diverging Opinions in the Crypto Community
Yet, not everyone shares Davinci’s view. Some analysts argue that labeling XRP as a scam is an oversimplification. According to crypto analyst Sarah Thompson, “While XRP’s legal issues are undeniable, it’s essential to recognize its role in facilitating cross-border payments—a use case that can’t be ignored.” Thompson’s perspective highlights the divide within the community: XRP’s utility in real-world applications versus its contentious market position. This divide was evident when XRP jumped 6% to top market gainers as Bitcoin retook $111K, showcasing its potential despite ongoing controversies.
Indeed, Ripple’s partnerships with financial institutions worldwide underscore its potential utility. The XRP ledger, with its speed and low transaction costs, has been leveraged for international remittances, challenging traditional banking systems. However, the regulatory clouds hanging over XRP continue to fuel uncertainty, leading investors to tread carefully.
The Market’s Reaction and Future Implications
Davinci’s remarks come at a time when the crypto market is navigating a complex landscape of regulatory scrutiny and technological innovation. His comments may add fuel to the fire, but they also reflect broader concerns about transparency and accountability in the crypto space. As the market responds—XRP’s price experiencing its usual volatility—investors are left pondering the asset’s long-term viability. This volatility is part of a larger trend, as seen when crypto liquidations topped $500 million with Bitcoin, Ethereum, and XRP sinking into the weekend.
Looking ahead, the resolution of XRP’s legal battles will likely play a pivotal role in shaping its future. Should Ripple prevail against the SEC, it could reaffirm XRP’s place in the crypto ecosystem. Conversely, a legal defeat could reinforce Davinci’s skepticism, potentially stalling XRP’s adoption and development.
The discourse around XRP serves as a microcosm of the larger crypto debate: navigating the fine line between innovation and regulation. As the digital currency landscape evolves, voices like Davinci’s—whether one agrees with them or not—will continue to challenge prevailing narratives, prompting investors to scrutinize their positions and assumptions.
In the end, the question remains: can XRP shake off its controversial image and cement itself as a legitimate player in the crypto sphere, or will it remain, as Davinci suggests, a gamble rather than a guaranteed venture? As we move forward into the latter part of 2025, only time will tell.
Source
This article is based on: XRP Is ‘Scam You Can Gamble On,’ Jeremie Davinci Claims
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
