{"id":40864,"date":"2025-08-06T23:01:31","date_gmt":"2025-08-06T23:01:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40864"},"modified":"2025-08-06T23:01:31","modified_gmt":"2025-08-06T23:01:31","slug":"ripple-flamed-by-caitlin-long-xrp-is-doomed-banks-dont-trust-it","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40864","title":{"rendered":"Ripple Flamed By Caitlin Long: \u2018XRP Is Doomed, Banks Don\u2019t Trust It\u2019"},"content":{"rendered":"
\n

Caitlin Long, founder and CEO of Custodia Bank, delivered one of the harshest assessments yet of Ripple and the XRP ecosystem in a recent episode of the Gold Goats \u2018n Guns podcast, calling into question the project\u2019s credibility, tokenomics, and long-term viability in institutional finance. In a sweeping critique, Long stated bluntly: \u201cIt\u2019s not going to take over. If it were going to take over, it would have taken over a long time ago.\u201d<\/p>\n

Caitlin Long Slams Ripple And XRP<\/h2>\n

The conversation<\/a> began with a reference to growing speculation that Ripple might be among the blockchain networks \u201cblessed\u201d by regulators to handle tokenized financial infrastructure. But Long pushed back hard on that narrative, saying the idea \u201coverstates how important that network is.\u201d<\/p>\n

According to Long, the core issue lies in Ripple\u2019s structural legacy. \u201cThe banks have always been suspicious of it,\u201d she said, citing what she described as the project\u2019s centralized architecture and flawed tokenomics. \u201cIt is a centralized network and the tokenomics are backwards.\u201d She argued that the XRP supply model<\/a> \u2014 rooted in a massive pre-mine and upfront fundraising \u2014 has permanently damaged institutional trust. \u201cThe people who extracted money up front are never going to be trusted because everybody is going to look and think that anything they do is an exit scam to try to dump on retail.\u201d<\/p>\n

For Long, the contrast with Bitcoin and Ethereum is stark. \u201cThe most effective tokenization platforms are the ones where there was no money up front or very little money up front,\u201d she explained. \u201cThat\u2019s Bitcoin and Ethereum.\u201d<\/p>\n

Long also interpreted Ripple\u2019s recent pivot \u2014 with the company now launching its own regulated stablecoin \u2014 as a tacit admission of failure. \u201cInstead of trying to sell that into the banking industry, they\u2019re getting their own regulated financial institutions and trying to issue a stablecoin,\u201d she said. \u201cThat\u2019s kind of, in some ways, an admission that the base layer blockchain didn\u2019t get the adoption they were looking for.\u201d<\/p>\n

Her comments come amid Ripple\u2019s continued push into institutional markets, including efforts to obtain a US bank charter and launch a US dollar stablecoin. While these moves have been celebrated in some circles as signs of maturity and strategic adaptation, Long framed them as a fallback, noting that the original promise \u2014 to become a foundational layer for interbank settlement \u2014 had clearly not materialized. \u201cThe base layer network is not going to become the base layer of replacing SWIFT,\u201d she said.<\/p>\n

She also pointed to the legal and regulatory drag Ripple faced over the past several years, including the SEC\u2019s long-running lawsuit<\/a> against the company for allegedly conducting an unregistered securities offering. \u201cThat hamstrung them,\u201d she said, while acknowledging that Ripple wasn\u2019t alone in suffering under the Biden administration\u2019s broader crackdown on crypto: \u201cIt didn\u2019t hurt Ripple as much as the Fed hurt us\u2026 Everybody who was targeted by the Biden administration was hurt to varying degrees.\u201d<\/p>\n

When asked what network the US Treasury is most likely to choose for tokenizing US Treasuries, Long was unequivocal: \u201cThey\u2019re not going to use Ripple. They\u2019re going to use Ethereum. They may use Bitcoin, but the Bitcoin layer twos are not mature enough for something like that.\u201d She cited Ethereum\u2019s technical maturity and infrastructure readiness as the decisive factors.<\/p>\n

XRP Community Reacts<\/h2>\n

The backlash from the XRP community was swift and furious. Prominent community figure Crypto Eri called<\/a> the remarks \u201cugly tribalism,\u201d accusing Long of conflating Ripple with the XRP Ledger, and failing to distinguish between a centralized company and a decentralized protocol. \u201cThe entire blockchain community should be deeply disappointed,\u201d she wrote.<\/p>\n

Digital Asset Investor, another well-known XRP supporter, tagged Ripple executives directly, suggesting the company was still on track to achieve regulatory breakthroughs. Ashley Prosper went even further, alleging that Long\u2019s criticism may stem from frustration over Custodia Bank\u2019s lack of a Federal Reserve master account<\/a>: \u201cSounds like Caitlin Long is mad that Ripple will get their Fed master account before Custodia Bank.\u201d<\/p>\n

But Long\u2019s criticism was not offhanded nor casual \u2014 it was pointed and rooted in her long-standing perspective on what makes blockchain infrastructure bank-grade. For her, trust, decentralization, and long-term neutrality are prerequisites \u2014 and XRP, in her view, fails on all three.<\/p>\n

\u201cRipple\u2019s been at this longer than almost anybody else and they haven\u2019t made a lot of progress,\u201d Long concluded. \u201cIt\u2019s really that simple.\u201d<\/p>\n

At press time, XRP traded at $2.94.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

Caitlin Long, founder and CEO of Custodia Bank, delivered one of the harshest assessments yet of Ripple and the XRP ecosystem in a recent episode of the Gold Goats \u2018n Guns podcast, calling into question the project\u2019s credibility, tokenomics, and long-term viability in institutional finance. In a sweeping critique, Long stated bluntly: \u201cIt\u2019s not going […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40864","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40864"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40864\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}