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In defense of XRP, it was in the crosshairs of the SEC and the federal government, and for a while it was under threat of extinction. It was also one of the earliest of the altcoins. Let's see if its future is more promising than its past.

Yeah, the SEC aspect is the only credible reason,imo. Regarding XRP's proposed use case, it would be preferrable as a stablecoin... but yes, let's see where it goes...