David Schwartz Addresses Criticism of Ripple’s XRP Sales
- Ripple’s CTO Emeritus, David Schwartz, refuted claims that the company profits unfairly from XRP sales.
- He emphasized regulatory barriers prevent Ripple from offering equity to retail investors in the same way as XRP.
- Schwartz disclosed he previously held over 26 million XRP but now considers a million to be “not a lot.”
- He noted that those interested in Ripple stock can purchase it on secondary markets if they qualify under US law.
- Schwartz also commented on co-founder Arthur Britto’s strategy, mentioning Britto has sold Bitcoin for expenses but little to no XRP.
Schwartz’s remarks come amid ongoing debates about the relationship between Ripple and XRP, particularly regarding profit motives and regulatory compliance. His insights highlight the complexities of cryptocurrency regulation and asset management within the industry.
The discussion underscores significant differences between owning XRP and direct equity in Ripple, with Schwartz affirming that “they’re just very different things.” (Source)
