CEO Michael Saylor are among the so-called maximalists who support only bitcoin and not other cryptocurrencies.
Garlinghouse said such maximalism has meant the crypto industry has"fractured representation" when it comes to lobbying U.S. lawmakers.calling on the government to examine the risks and benefits of cryptocurrencies. "The lack of coordination in Washington, D.C., amongst the crypto industry, I find to be shocking," he said.The company owns a majority of the 100 billion XRP tokens in circulation, which it periodically releases from an escrow account to keep prices stable.with the Securities and Exchange Commission over allegations that it illegally sold over $1 billion worth of XRP in an unregistered securities offering. The company argues XRP should be considered a virtual currency, not a security.
So its working? Increase toxicity!!!!
All cryptocurrencies are still highly volatile and speculative. Smart people will not gamble with $$ that they could lose in the long run.
Truth. BTC Maxis are disgusting. Not a plus by any measure.
I think having a CEO of a crypto coin is holding them back.
💢🤷🏻♂️👇🏼💢
No, it's not. The market has collectively decided that Bitcoin is the most valuable asset in crypto industry.