RIPPLE/XRP Were Trapped into an Identity Crisis in the First New York Blockchain Week

On May 22, Snoop Dogg was invited to participate in the XRP community night in the first New York blockchain week. As the name of the party indicates, the event aims to celebrate the XRP, a cryptocurrency which closely associated with Ripple.

However, it is hard to feel the fanaticism of XRP at the party. On the contrary, this is more like a Ripple party. It seems that there were something mistakes about the party since it trapped ripple and xrp into an identity crisis.

A few years ago, Ripple's executives called their cryptocurrency a "ripple" and there was no problem. But today, after being renamed xrp, Ripple was trying to maintain a safe distance from XRP. In this case, it is strange that almost no one tries to draw a line between ripple and xrp at the party. This makes people have to be confused about the relationship between them.
 

The attendees said that it was Ripple who sponsored the event and booked an entertainment event for the XRP community night. About one-third of the people in the “XRP community” are Ripple employees. They wear T-shirts with an XRP logo and a disconnected X.

All these mixes of Ripple and XRP are difficult to harmonize with the UK Parliament’s hearing in early May. Ryan Zagone, Ripple’s Supervisory Relations Relations at the time, insisted: “There is no direct connection between Ripple and XRP.” Ripple does have "a lot of XRP," but this is a gift from open source developers at XRP.

All in all, Ripple's heads are trying to discern the connection with xrp, because if the courts and regulators find that the connection between Ripple-XRP is too tight, XRP's sales (a total of $168 million in the first quarter of this year) may be treated as unregistered securities. 

This party seems to expose many doubts about the identity of the ripple and xrp, they will be regulated by relevant authorities. In fact, in the cryptocurrency market, it is normal for the currencies to face doubts. For example, the over-issued USDT (tether coin) is in the crisis of being used to rise the price of bitcoin.