Angel investor Jason McCabe Calacanis characterized XRP as 'a centrally controlled security.'
Calacanis expressed concern about the legitimacy of XRP as a decentralized asset and the implications of any favorable regulatory stance.
Community members in the XRP community challenged Calacanis' position, arguing that the digital asset operates similarly to Bitcoin in terms of being neutral and decentralized.
The ongoing debate over XRP's regulatory status and divergence from decentralized standards continues.