VanEck Research Head Questions XRP’s Utility, Sparking Community Backlash

Published at 2025-11-14 07:16:33

Matthew Sigel, director of research for digital assets at asset manager VanEck, stirred controversy by suggesting that XRP does not have meaningful utility. His comments drew quick pushback from the XRP community on social media and among some market participants who point to use cases like cross-border payments and settlement rails as evidence of value.

The exchange matters because VanEck is a visible institutional voice and such views can shape investor sentiment and narratives around adoption. The debate highlights ongoing questions about on-chain activity, real-world usage, and centralization versus decentralization that influence how regulators and institutions assess tokens. Traders and holders will be watching whether this critique affects demand or forces deeper scrutiny from market analysts and potential institutional backers.

Share on:

Related news

Ripple and UC Berkeley Launch UDAX Accelerator to Scale XRP Ledger Startups

Ripple and UC Berkeley today unveiled UDAX, an accelerator for projects building on the XRP Ledger; nine startups completed the pilot and received technical mentorship and VC introductions. The program aims to deepen developer activity and drive real-world use cases for XRP Ledger technology.

Published at 2026-01-17 22:45:05
Defiance Closes Ethereum ETF After Only Four Months

Miami-based Defiance ETFs announced Thursday it will close its Ethereum ETF after just four months on the market. The abrupt decision underscores mounting pressure in the competitive spot-ETH ETF landscape.

Published at 2026-01-17 18:15:09
Fed to Inject $55B in T-Bill Purchases, Boosting Crypto Market Optimism

The Federal Reserve will buy $55 billion in Treasury bills as it resumes expanding its balance sheet, fueling hopes that added liquidity could support a crypto market rally. Traders and analysts say the move may ease financial conditions and lift risk assets, including Bitcoin and Ethereum.

Published at 2026-01-17 17:15:05
XRP Volume Surges in Korea After Traders Exploit Spot-Only Exchange Loophole

XRP has overtaken Bitcoin and Ethereum as South Korea’s retail trading favorite after traders exploited a spot-only exchange loophole, sending local volume sharply higher. The shift underscores divergent regional preferences and could alter price discovery and regulatory focus.

Senators Push Back on Tim Scott’s Broad Crypto Bill

Senate Banking Chairman Tim Scott's sweeping crypto bill faces sharp criticism from Senate Judiciary Chairman Chuck Grassley and ranking member Dick Durbin, who say the measure raises serious concerns. The bipartisan pushback could slow or reshape the proposed regulatory overhaul.

Published at 2026-01-17 11:15:08