Imagine Selling Your Car for 10,000 XRP to Someone Tailed By FBI

Vincent Van Code (@vincent_vancode), a software engineer and respected figure in the XRP community, recently highlighted three scenarios that show the gap between technical decentralization and real-world accountability. Cryptocurrency was once championed as the frontier of financial independence and privacy. Yet, as adoption grows and regulatory oversight intensifies, that perception is being sharply challenged. In a post that resonated with many users, Van Code laid out a hypothetical situation involving a law-abiding citizen selling a car for 10,000 XRP. A week later, authorities raid the seller’s home. The reason? The funds received in the transaction were previously linked to a known ISIS wallet. The seller, though innocent, now faces frozen assets, government scrutiny, and the burden of proving their lack of knowledge or intent. The same could happen, he suggests, if one were to accept XRP from a buyer involved in drug trafficking. The reality of a decentralised currency… As a law abiding citizen, you are KYCd, you hold a steady job and have income, and the authorities know who you are and your wallet address (at least root source). Imagine you sell your car to someone for 10,000 XRP. Then a week later… — Vincent Van Code (@vincent_vancode) June 10, 2025 XRP Cannot Be Frozen, But You Can A technical distinction was raised by a commenter, who noted that although other assets on the XRP Ledger (XRPL) can be frozen , XRP cannot. Van Code agreed with the technical point but reminded readers that legal systems operate differently: “They can get a court order that enforces you to empty your XRP wallet and hand over your tokens. Otherwise, go to jail.” According to him, asset seizure doesn’t require freezing tokens on-chain; it just needs the law compelling access. This becomes more relevant with the introduction of the Genius Act , as it mandates that issuers of stablecoins must have the technological ability to comply with any lawful order. As a result, Ripple must comply with any lawful order requiring the company to freeze a user’s RLUSD . We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The Transparency of Blockchain Technology Several members of the XRP community echoed Van Code’s view. One comment pointed out that “anything on blockchain is traceable,” emphasizing that governments are not only interested in regulation but are also increasingly capable of executing it. Another user noted that blockchain’s transparency is fundamentally at odds with the idea of total financial privacy, describing blockchain technology as an accounting system. He expressed surprise that many crypto users are not fully familiar with how transparent blockchains are. Still, some commenters clung to the belief that privacy-focused alternatives will always exist outside state control. But in practice, large-scale crypto transactions are becoming less viable without regulatory exposure. Governments are developing tools and partnerships with analytics firms to trace blockchain activity in unprecedented detail. France recently banned Monero (XMR) and similar privacy-focused cryptocurrency services. While cryptocurrencies promise decentralized and borderless access, the identities tied to wallets, especially those verified through KYC processes, make users accessible to traditional law enforcement. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Imagine Selling Your Car for 10,000 XRP to Someone Tailed By FBI appeared first on Times Tabloid .

Source: TimesTabloid