Jason Calacanis reignites debate over the classification of XRP, calling it a 'centrally controlled security'.
Calacanis warns that treating XRP like Bitcoin could create market instability, allowing startups and investment funds to dump tokens on retail investors.
John Deaton disagrees with Calacanis' argument, stating that XRP does not meet the legal definition of an investment contract.
The ongoing regulatory uncertainty surrounding XRP, including the SEC lawsuit and potential changes under the Trump administration, could impact its status.