{"id":16366,"date":"2025-03-05T20:01:59","date_gmt":"2025-03-05T20:01:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16366"},"modified":"2025-03-05T20:01:59","modified_gmt":"2025-03-05T20:01:59","slug":"ripple-cto-company-acts-in-its-own-interest-not-for-xrp-holders","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16366","title":{"rendered":"Ripple CTO: Company Acts In Its \u2018Own Interest,\u2019 Not for XRP Holders"},"content":{"rendered":"
\n

In an exchange that has stirred conversation throughout the crypto community, Ripple\u2019s Chief Technology Officer (CTO), David Schwartz\u2014known by the online moniker \u201cJoelKatz\u201d\u2014recently clarified that the company has no obligation to act in the interests of XRP holders. His remarks came in response to claims by prominent Bitcoin advocate Pierre Rochard, who argued that the company\u2019s business decisions need not\u2014and do not\u2014prioritize XRP investors.<\/p>\n

Ripple First, XRP Second<\/h2>\n

Rochard, a longtime Bitcoin proponent and vocal XRP critic, declared<\/a> via X: \u201cXRP isn\u2019t a security because Ripple doesn\u2019t actually owe you \u2018utility\u2019 or anything else. They are free to dump on you and you have no right to do anything about it other than join them in dumping XRP. That\u2019s why XRP is not a security<\/a>.\u201d<\/p>\n

He later added: \u201cXRP army in disbelief. Ripple sells XRP as revenue, an operating cash inflow. It\u2019s not financing, you are not investing in Ripple, you\u2019re just getting tokens created out of thin air dumped on you. Ripple doesn\u2019t owe you anything post-sale.\u201d<\/p>\n

Rochard\u2019s commentary challenged the common belief among some XRP holders that the company is inherently obligated to drive XRP\u2019s value upward or otherwise act in the token\u2019s best interest.<\/p>\n

In a blunt endorsement of Rochard\u2019s stance, Schwartz replied: \u201c100% correct. IMO, Ripple can, will, and should act in its own interest. You should not expect Ripple to act in your interest to the detriment of its own interest or those of its shareholders.\u201d<\/p>\n

Reinforcing this position, Schwartz likened the situation to owning an artist\u2019s early work. According to the CTO: \u201cIf I hold a work from early in an artist\u2019s career, I might hope or expect the artist makes and promotes new works that might drive demand and create markets for the early work and make me money. But the artist has no obligation to me and works of art are not securities.\u201d<\/p>\n

Schwartz went on to emphasize that the company\u2019s relationship with XRP does not dissolve overnight. He remarked: \u201cI\u2019d also add that Ripple has been here for about 14 years now. We have more XRP than we could possibly monetize in a short period of time, so there\u2019s no way to avoid us being here for quite a bit longer. Ripple being the only successful crypto company is as absurd as Google<\/a> being the only successful internet company. We are, and must be, thoroughly pro-crypto.\u201d<\/p>\n

The CTO\u2019s remarks strike at the core of an ongoing debate within the XRP community. While many XRP investors hope that Ripple\u2019s commercial success will translate to positive price action for the token, Schwartz\u2019s statements underline that the company\u2019s primary duty is to its own operations and shareholders\u2014not XRP holders.<\/p>\n

To be sure, the company\u2019s business strategy often intersects with XRP, from leveraging the token in cross-border payment solutions<\/a> to promoting blockchain-based remittance services. However, Schwartz\u2019s comments suggest that any benefit to XRP holders could be incidental rather than mandated.<\/p>\n

At press time, XRP traded at $2.20.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

In an exchange that has stirred conversation throughout the crypto community, Ripple\u2019s Chief Technology Officer (CTO), David Schwartz\u2014known by the online moniker \u201cJoelKatz\u201d\u2014recently clarified that the company has no obligation to act in the interests of XRP holders. His remarks came in response to claims by prominent Bitcoin advocate Pierre Rochard, who argued that the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16366","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16366"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16366\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}