Renowned Bitcoin advocate Davinci Jeremie has issued a public warning about XRP, claiming that funds in XRP could be frozen at will, putting holders at risk.
According to Jeremie, “Your money is not truly yours with XRP. They can freeze it any time.” He went on to explain his reasoning, stating that XRP is a “banker’s coin,” given its utility in the financial system.
Jeremie claimed that those who are okay with supporting banks that could potentially steal people’s wealth should buy XRP. He argued that doing so means supporting the wealthiest criminals in society.
“If you love your criminal banker, buy XRP,” he said.
As an alternative, Jeremie advocated for investing in Bitcoin. He argued that Bitcoin is people’s money and is not controlled by any central authority. He claimed that, in the future, Bitcoin will be the crypto asset everyone uses, as it offers more freedom.
Jeremie further argued that this possibility exists because the underlying Bitcoin protocol cannot be modified. In contrast, he claimed that XRP developers could alter the token’s supply in the future if they see fit. Moreover, he said “XRP creators” could block holders from making transfers.
Attempting to back up his view, he asked, “Why aren’t countries like Venezuela or Iran using XRP as a means of transaction?” “Because they know they’ll be stopped,” Jeremie claimed.
Jeremie’s latest negative sentiment about XRP has triggered heated reactions within the XRP community. The post has garnered nearly 400K views and thousands of comments.
Clarifying Facts on XRP Freezing
On X, a community note to Jeremie’s post has emerged, debunking some of the sweeping claims he made.
Specifically, it pointed out that while the XRP Ledger does have a freeze feature, it applies only to issued tokens, not XRP itself, and no one can freeze XRP. References to XRPL documentation backed this clarification.
No one can free XRP per XRPL Docs
Meanwhile, other commentators opposing Jeremie’s claim, such as Moon Lambo, accused him of being a liar, saying his deliberate attempt to twist the facts would trick no one. They warned that, in the end, he stands to lose his credibility.
Jeremie Facing Legal Action?
Prominent pro-crypto attorney Bill Morgan also reacted to Jeremie’s commentary, drawing attention to potential legal implications.
Specifically, Morgan argued that Jeremie’s statement was deliberately dishonest. He noted that people like Jeremie may eventually be sued by individuals who believe his claims, act on them, and suffer financial losses as a result.
This is just deliberate dishonesty. People like this will eventually be sued by other people who believe it, act on it and suffer financial losses. https://t.co/crwnJHmFr5
— bill morgan (@Belisarius2020) February 18, 2025
Notably, this latest negative remark comes only weeks after Jeremie told his followers that XRP could reach $24. Meanwhile, he added a cautionary note that he does not XRP for long-term hold.
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