XRP advocates have slammed Gemini CEO Tyler Winklevoss over the frail relationship maintained with the trading platform over the past few years
The saying “the internet never forgets” seems applicable to the XRP Army. This passionate community of XRP holders has recalled an event from 2020 and is using it against Gemini. This follows Gemini’s attempt to woo the community.
Tensions Rise as Gemini Attempts to Engage XRP Community
The issue started when Gemini quoted an X post from Dom, Co-founder of EasyA_App, asking people if they would use a card that provides cash-back rewards in XRP. This suggests Dom could consider a potential product or concept that rewards users with XRP coins.
The idea is to replace traditional fiat or other cashback options with XRP as payment. Gemini’s response, “XRP army knows what to do,” angered the XRP Army.
Notably, in 2020, Winklevoss referred to the XRP Army as a “dumb troll,” and the community appears not to have forgiven or forgotten him. Additionally, Gemini declined to include XRP in the exchange at the time.
It took Ripple’s victory in court three years later, in 2023, before Gemini listed XRP on the exchange.
Some users’ reply to Gemini’s message revealed the animosity towards the exchange. “Stay away from Gemini? Yeah, we sure do,” one user wrote.
Besides the historical hostility, Winklevoss recently criticized the inclusion of XRP in the U.S. government’s Strategic Crypto Reserve. In his comment, XRP does not qualify because an asset “needs to be hard money that is a proven store of value like gold.”
Tyler… and you want our money? PASS. I should have know when you called us “Ripple Army” 🤦♀️ #XRP pic.twitter.com/6Uy6l9R193
— XtinaRP (@xtina_george) March 27, 2025
Winklevoss’ stance differs from that of Michael Saylor, Strategy co-founder, who endorsed XRP’s inclusion as it could benefit the larger crypto industry.
What’s Next for XRP?
Beyond the drama, anticipation is high about the possibility of a regulatory nod for an XRP exchange-traded fund (ETF). Many believe that an XRP ETF could trigger a rally in price for the Ripple-backed token.
Some industry leaders, including Kris Marszalek, CEO of Crypto.com, have made bullish projections for the product. Marszalek believes that the XRP ETF could record an inflow of $8 billion in its first year of launch. Other industry leaders say the projection is reasonable.
Meanwhile, asset managers, including Grayscale, 21Shares, WisdomTree, and Franklin Templeton, have been actively interested in an XRP ETF.
A green light from the U.S. Securities and Exchange Commission (SEC) would be a milestone for users in the United States. Brazil is already taking the lead in South America as Brazil’s Comissão de Valores Mobiliários (CVM) has registered what could become the first spot XRP ETF.
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