Sean McBride Believes Government Entities Are Actively Working to Suppress XRP's Price

Sean McBride, former Director of Global Talent Acquisition at Ripple Labs recently sat down for a conversation with Ray Fuentes and discussed XRPs growth.

Sean McBride, the former Director of Global Talent Acquisition at Ripple Labs, recently engaged in a conversation with Ray Fuentes, where they touched upon XRPs growth and the role of government entities in influencing its price.

During the conversation, Fuentes posed a question regarding the possibility of government officials, such as Gary Gensler and Elizabeth Warren, attempting to buy XRP at suppressed prices, given their actions. In response, McBride stated that he would not engage in speculation and leave such interpretations to others.

However, McBride highlighted a crucial point, stating that banks and financial institutions are hesitant to adopt digital assets like XRP in a regulatory environment perceived as hostile. The risk and uncertainty associated with such an environment create significant barriers.

According to McBride, institutions prefer to avoid assets that could expose them to regulatory and legal risks, which might explain why XRP has not seen broader institutional adoption despite its potential.

In addition, McBride suggested that financial institutions may be bound by non-disclosure agreements (NDAs) or other constraints that prevent them from discussing their involvement with Ripple or the use of XRP. This secrecy could be a consequence of the ongoing legal and regulatory challenges faced by Ripple, including the SEC’s lawsuit.

The lawsuit, combined with political pressure from figures such as Elizabeth Warren, has contributed to the perception that XRP is under attack.

Finally, Sean McBride expressed his view that XRP’s technology is advanced and ahead of its time. He suggests that the slow adoption of XRP is not because the technology is outdated but because it’s taking longer for people and institutions to accept and integrate it into their systems.

He also finds it unusual and troubling that many government officials, including those he has connections with, are reluctant to discuss or acknowledge XRP and Ripple. Despite his personal relationships with some Congress members and Senators, they refuse to engage with the topic, which he finds strange.

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