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Renowned American media personality Alex Jones has made noteworthy statements that are of great interest to $XRP investors.
In a recent publication, Jones warned that with the global financial system coming under increasing pressure, governments might eventually try to seize private assets, and addressed this to $XRP holders.
The Main Topic Was $XRP!
In a video posted from his Jones X account, he claimed that regulators could develop mechanisms to control citizens’ assets during a serious financial crisis, and that the possibility of federal authorities freezing private <a href="https://xpertsstudio.com/a16z-crypto-provides-insight-on-the-clarity-act-key-points/” title=”a16z Crypto Provides Insight on the CLARITY Act, Key Points”>crypto assets during a systemic financial crisis could arise.
At this point, Jones specifically raises the possibility that authorities could target digital assets like $XRP. Jones compares this potential scenario to the restrictions the US government placed on private gold ownership in 1933, noting that under extraordinary circumstances, digital assets could face similar interventions.
Jones also recalled earlier allegations that the US FDIC and European authorities discussed mechanisms that could lead to the use or damage of private financial assets during a banking collapse. However, he did not state or present any official documents confirming or showing that a coordinated plan to seize $XRP or other private assets was being prepared.
However, Jones emphasized that he did not make a specific price prediction for $XRP and that he does not consider himself an expert on cryptocurrency.
“I don’t think this will happen to the assets you hold. I’m not an $XRP expert.”
$XRP Community Objects to Jones!
Jones’s statements also sparked debate within the $XRP community. Vet, an $XRP Ledger validator, countered Jones’s assessment, arguing that the claim of direct government seizure of $XRP in a self-custody wallet, where the individual controls their own private keys, is technically problematic.
Vet, however, pointed out that while governments can impose legal and regulatory measures on centralized institutions such as exchanges and custody services, $XRP held by individuals in self-custody wallets is not considered a bank deposit and would not be included in the FDIC liquidation process due to another bank’s bankruptcy.
*This is not investment advice.
Source: cryptonews.net