American entrepreneur Jason Calacanis, known for his early investments in companies like Uber and Robinhood, has criticized the XRP token, calling it a "centralized controlled security" and the opposite of Bitcoin. Calacanis believes that the approval of XRP exchange-traded funds (ETFs) could lead to chaos in the markets, with startups and funds selling their coins. He argues that XRP should only be available to sophisticated investors who understand the risks. Despite the criticism, there is a 78% chance of an XRP ETF being approved this year, according to Polymarket users. The XRP Ledger has faced criticism due to centralization concerns, but proponents argue that it is neutral and decentralized. Recently, the XRPL faced criticism after briefly halting block production.



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