XRP is The Covid of Finance: Gary Cardone

Financial expert Gary Cardone has slammed XRP for its alleged alignment with global authoritarianism amid speculation about the digital euro integration with the XRPL. In recent weeks, there have been talks about the European Central Bank (ECB) potentially launching its upcoming digital euro on the XRP Ledger. Although there is no official confirmation, such claims have gained attention among both XRP supporters and critics. Cardone: XRP Will Partner With “Oppressive People to Survive” In a tweet , Gary Cardone criticized XRP, stating it “will take any path it needs to survive,” even if that means aligning itself with some of the world’s most oppressive figures. He took direct aim at ECB President Christine Lagarde, mockingly referring to her as “Ms. Cringe,” and accused her of wanting to turn Europe into a “prison continent.” Furthermore, Cardone equated XRP to a second wave of COVID-19, calling it “COVID-19 Part Two in finance.” He also warned that continued support for XRP is akin to voting for “European warmongers.” Essentially, Cardone’s remarks highlight an ideological divide within the crypto community. Some view XRP’s potential alignment with central banks and financial institutions as a strategic advantage. Others see it as a betrayal of crypto’s foundational values. For context, many in the crypto industry oppose central bank digital currencies (CBDCs). They view them as tools for surveillance and as fundamentally at odds with crypto's decentralization ethos. Despite the criticism, announcements of government-level blockchain adoption often spark admiration and excitement among network supporters, who overlook concerns in favor of broader adoption. As a result, the rumored involvement of the XRP Ledger in the digital euro initiative has triggered excitement among community members, even as critics like Cardone raise red flags. XRP Army Reacts, Sets the Record Straight Meanwhile, XRP community members have resisted Cardone’s claims, calling them exaggerated and factually incorrect. Robert Doyle, known online as Crypto Sensei, clarified that there is no official confirmation regarding the technology selected for the digital euro. The European Central Bank has stated it is prepared to launch a central bank digital currency if approved by the European Parliament. However, it has not decided on the specific technology to use. Doyle also pointed out that Ripple has engaged in discussions on CBDC with several central banks globally. Countries such as Georgia and Palau have already chosen Ripple’s technology for pilot programs. At present, there is no public evidence that Ripple or the XRP Ledger has been selected for the ECB’s digital euro initiative. Another prominent community figure, Moon Lambo, responded that Cardone is either gullible, has fallen for fake news, or is intentionally spreading misinformation. He linked to the official ECB website, noting that the central bank has not made any platform decisions, and hasn’t even confirmed whether a digital euro will be launched. Moon Lambo claimed that Cardone suffers from “XRP Derangement Syndrome,” suggesting that Cardone wants the story to be true because it reinforces his tribal narrative. He urged Cardone to act with integrity, warning that posts like his erode trust rather than build credibility.

Meanwhile, in his remarks, attorney Bill Morgan highlighted the irony of the claim that XRP Ledger, a public, permissionless network, could be cooperating with some of the most oppressive people on Earth just to survive.

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