‘Wolf of All Streets’ Defends XRP: ‘Not a Scam’ Says Top Bitcoin Influencer

Crypto’s most divisive asset just got an unlikely endorsement.

Scott Melker—aka the ‘Wolf of All Streets’—has thrown his weight behind XRP, dismissing scam accusations that have dogged the token for years. The Bitcoin maximalist turned altcoin realist dropped the bombshell during a recent livestream, sending shockwaves through crypto Twitter.

‘The Case for XRP’

Melker’s argument hinges on regulatory clarity. While the SEC still treats most cryptos like unregistered securities, XRP scored a partial legal victory in 2023. A federal judge ruled programmatic sales didn’t constitute investment contracts—a rare win for crypto in US courts.

‘But What About the Banking Cartel?’

Skeptics were quick to resurrect old criticisms. XRP’s centralized distribution and Ripple’s cozy relationships with legacy financial institutions still raise eyebrows. ‘This is the same token bankers love to pump,’ tweeted one crypto anarchist, ‘which tells you everything.’

The Verdict

Whether you see XRP as the future of cross-border payments or a glorified pre-mine, Melker’s stance proves even Bitcoin OGs are rethinking their crypto hierarchies. Just don’t expect Wall Street to care—they’re too busy minting tokenized securities on private blockchains.