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According to a senior eToro market analyst, the Ripple native token, XRP should not be classified as security. In addition to this, Mati Greenspan said that the community for the third largest cryptocurrency was counterproductive for the banking sector's adoption through their behavior.
Greenspan was asked about his token, to which he confirmed that he was still confident about the payment token. In a webinar, yesterday, he claimed that the token could interrupt the entire banking system and also claimed that XRP should not be classified as security in the United States. On top of this Greenspan said that its characteristics resemble more closely those of a utility token. Greenspan said "The XRP is not a security, in my personal opinion. My best understanding is that XRP is logically a utility token [but] the SEC can see things differently. "
However, Greenspan showed its reserves mainly thanks to the online XRP community. Although the large following of XRP has been very effective in sensitizing, it also has an aggressive side. Some of the XRP fans have been known to fundamentally bully banks and financial institutions in the adoption of cryptocurrency. "The negative side of [XRP’s online community] it is aggression. Floods of people are trying to force banks to accept XRP. "
To support his point of view, Greenspan argued that the aggressive side of the community could push banks and financial organization to look elsewhere. The banks that publicly considered the adoption of the token later decided not to do so. Greenspan was primarily linked to the online community and the hostile environment that seems to emit.
There is no community as active as XRP. if you look on Twitter, #XRPArmy has been an important part of the community on several issues: one of the largest is the US regulatory state for the token. In addition to this, they also asked for a list on the popular Coinbase cryptocurrency exchange.
As reported by Crypto Briefing, "The community's behavior has become so overbearing that some are starting to block them altogether." Jackson Palmer, the creator of Dogecoin (DOGE), had his individual battles with what he described as a "toxic trash fire of a community" ".
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