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RECENTLY: The $XRP Ledger resumed operations after a 64-minute network freeze on Feb. 4, during which validations stalled and transactions were delayed, with #Ripple CTO David Schwartz confirming that funds remained safe.
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Hi, I'm Javeria, and I'm here to break down the latest developments in the Ripple vs. SEC lawsuit, including Ripple CTO David Schwartz's recent reflections on the case.Ripple CTO David Schwartz Recalls SEC Lawsuit Shock
In a recent address at the ONDO Finance Summit 2025, Ripple's Chief Technology Officer (CTO), David Schwartz, reflected on the company's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Schwartz recalled the initial shock of the lawsuit, stating that "a lot of people thought it was over" ¹.
The lawsuit, which was filed in 2020, alleged that Ripple's XRP token was an unregistered security. However, in a significant ruling, Judge Analisa Torres issued a Final Judgment on August 7, 2024, which added clarity to the case but left the legal battle open-ended ².
Schwartz criticized the SEC's approach, arguing that the regulator has been using the term "investment contract" to create confusion around securities law. He emphasized that Ripple is legally obligated to its shareholders, not XRP holders ³.
The Ripple vs. SEC case has entered the remedies stage, with the last motion expected by April 29, 2024. Legal experts anticipate that Judge Torres may issue the remedies ruling by the summer of 2024 ⁴.
The outcome of the lawsuit is expected to have significant implications for the cryptocurrency industry, shaping the future of regulation and clarity around securities law. As the case continues to unfold, industry experts and investors are closely watching the developments.
In related news, XRP price has been experiencing moderate volatility, with a potential breakout signal above the trendline or a price surpassing $2.70 ⁵. However, investors should exercise caution and conduct thorough research before making any investment decisions.
#BERAonBinance #USJoblessClaimsRise #RippleVsSEC #davidschwartz
Hi, I'm Javeria, and I'm here to break down the latest developments in the Ripple vs. SEC lawsuit, including Ripple CTO David Schwartz's recent reflections on the case.Ripple CTO David Schwartz Recalls SEC Lawsuit Shock
In a recent address at the ONDO Finance Summit 2025, Ripple's Chief Technology Officer (CTO), David Schwartz, reflected on the company's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Schwartz recalled the initial shock of the lawsuit, stating that "a lot of people thought it was over" ¹.
The lawsuit, which was filed in 2020, alleged that Ripple's XRP token was an unregistered security. However, in a significant ruling, Judge Analisa Torres issued a Final Judgment on August 7, 2024, which added clarity to the case but left the legal battle open-ended ².
Schwartz criticized the SEC's approach, arguing that the regulator has been using the term "investment contract" to create confusion around securities law. He emphasized that Ripple is legally obligated to its shareholders, not XRP holders ³.
The Ripple vs. SEC case has entered the remedies stage, with the last motion expected by April 29, 2024. Legal experts anticipate that Judge Torres may issue the remedies ruling by the summer of 2024 ⁴.
The outcome of the lawsuit is expected to have significant implications for the cryptocurrency industry, shaping the future of regulation and clarity around securities law. As the case continues to unfold, industry experts and investors are closely watching the developments.
In related news, XRP price has been experiencing moderate volatility, with a potential breakout signal above the trendline or a price surpassing $2.70 ⁵. However, investors should exercise caution and conduct thorough research before making any investment decisions.
#BERAonBinance #USJoblessClaimsRise #RippleVsSEC #davidschwartz
🚨🚨Ripple CTO Issues Caution on RippleUSD Launch Amid Speculation and Supply Concerns🚨🚨
Ripple CTO has raised concerns about potential supply shortages during the initial release of RippleUSD (RLUSD), the company's newly announced USD-backed stablecoin. Pre-launch activity has already sparked speculative bids, including an offer of 511 XRP (equivalent to $1,244) for just 1 RLUSD, as seen on Xaman, a Ripple-affiliated wallet.
𝐒𝐜𝐡𝐰𝐚𝐫𝐭𝐳 attributed such bids to overenthusiastic users seeking the distinction of being early adopters. He emphasized that once the stablecoin's supply normalizes, its value should align with $1, as intended. “If the price does not stabilize around $1, then something is seriously wrong,” 𝐒𝐜𝐡𝐰𝐚𝐫𝐭𝐳 noted, while urging the community to avoid impulsive purchases fueled by fear of missing out (FOMO). He clarified that RLUSD's introduction is not an opportunity for quick profits.
Ripple CEO 𝐁𝐫𝐚𝐝 𝐆𝐚𝐫𝐥𝐢𝐧𝐠𝐡𝐨𝐮𝐬𝐞 recently revealed that the New York Department of Financial Services has approved the issuance of RLUSD, marking a major milestone in Ripple's mission to expand its cross-border payments ecosystem. The company plans to integrate RLUSD with its flagship cryptocurrency, XRP, to enhance liquidity and reduce risks of depegging. Ripple President Monica Long described the stablecoin as "complementary and additive" to XRP, further strengthening its role in global payments.
Targeted primarily at institutional clients, RLUSD is positioned as a key component in Ripple's broader strategy to transform financial markets. By pairing RLUSD with XRP, Ripple aims to increase stablecoin liquidity across major exchanges. Despite the excitement surrounding RLUSD’s potential, critics have questioned Garlinghouse's recent engagements, including speculations about a meeting with President-elect Donald Trump. These allegations, combined with broader debates around central bank digital currencies (CBDCs), have stirred controversy within the industry.
Ripple remains steadfast in its efforts to expand the adoption of XRP and RLUSD while navigating the challenges of a rapidly evolving crypto landscape.
#BinanceAirdropsCATandPENGU #MarketNewHype #VANAOpening
𝐒𝐜𝐡𝐰𝐚𝐫𝐭𝐳 attributed such bids to overenthusiastic users seeking the distinction of being early adopters. He emphasized that once the stablecoin's supply normalizes, its value should align with $1, as intended. “If the price does not stabilize around $1, then something is seriously wrong,” 𝐒𝐜𝐡𝐰𝐚𝐫𝐭𝐳 noted, while urging the community to avoid impulsive purchases fueled by fear of missing out (FOMO). He clarified that RLUSD's introduction is not an opportunity for quick profits.
Ripple CEO 𝐁𝐫𝐚𝐝 𝐆𝐚𝐫𝐥𝐢𝐧𝐠𝐡𝐨𝐮𝐬𝐞 recently revealed that the New York Department of Financial Services has approved the issuance of RLUSD, marking a major milestone in Ripple's mission to expand its cross-border payments ecosystem. The company plans to integrate RLUSD with its flagship cryptocurrency, XRP, to enhance liquidity and reduce risks of depegging. Ripple President Monica Long described the stablecoin as "complementary and additive" to XRP, further strengthening its role in global payments.
Targeted primarily at institutional clients, RLUSD is positioned as a key component in Ripple's broader strategy to transform financial markets. By pairing RLUSD with XRP, Ripple aims to increase stablecoin liquidity across major exchanges. Despite the excitement surrounding RLUSD’s potential, critics have questioned Garlinghouse's recent engagements, including speculations about a meeting with President-elect Donald Trump. These allegations, combined with broader debates around central bank digital currencies (CBDCs), have stirred controversy within the industry.
Ripple remains steadfast in its efforts to expand the adoption of XRP and RLUSD while navigating the challenges of a rapidly evolving crypto landscape.
#BinanceAirdropsCATandPENGU #MarketNewHype #VANAOpening
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Ripple & David Schwartz & Elon Musk
Ripple CTO David Schwartz Critiques AI on Quora and Wants Elon Musk to Recognize Community Note on Platform X
Ripple's Chief Technology Officer (CTO) David Schwartz expressed his dissatisfaction with the Community Notes feature on X (formerly Twitter).
Schwartz stated that no community notes have been added to his posts yet, and this has led to reactions and suggestions in the XRP community.
Schwartz's criticisms generally target the main features of X and its AI applications on platforms like Quora.
Ripple's Chief Technology Officer (CTO) David Schwartz expressed his dissatisfaction with the Community Notes feature on X (formerly Twitter).
Schwartz stated that no community notes have been added to his posts yet, and this has led to reactions and suggestions in the XRP community.
Schwartz's criticisms generally target the main features of X and its AI applications on platforms like Quora.
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CTO #Ripple The Biggest Mistake: Selling 40,000 ETH for Just 1 USD
#davidschwartz , the Chief Technology Officer (CTO) of Ripple, just shared about the investment decision he regrets the most: selling 40,000 ETH for just about 1 USD each. Notably, this amount of ETH later reached a value of up to 100 million USD.
Schwartz bought this $ETH during the pre-ICO phase when Vitalik Buterin was rallying support for Ethereum. At that time, he used 20 $BTC to exchange for 40,000 ETH. However, instead of holding it long-term, he sold all the ETH to equip a solar power system for a house – an asset that he currently no longer owns.
A decision that seemed reasonable at the time, but has become a story of regret in the crypto investment community. 🚀
#davidschwartz , the Chief Technology Officer (CTO) of Ripple, just shared about the investment decision he regrets the most: selling 40,000 ETH for just about 1 USD each. Notably, this amount of ETH later reached a value of up to 100 million USD.
Schwartz bought this $ETH during the pre-ICO phase when Vitalik Buterin was rallying support for Ethereum. At that time, he used 20 $BTC to exchange for 40,000 ETH. However, instead of holding it long-term, he sold all the ETH to equip a solar power system for a house – an asset that he currently no longer owns.
A decision that seemed reasonable at the time, but has become a story of regret in the crypto investment community. 🚀
**Ripple CTO Reveals Painful Truth About XRP's $3.84 'ATH'**
🚨 **XRP's $3.84 "ATH" – Not What You Think!** 🚨
In a surprising revelation, Ripple's CTO **David Schwartz** cleared up the confusion about XRP's alleged all-time high of $3.84, achieved in January 2018. Despite widespread media reports, **Schwartz confirmed** that this price level was inflated due to "Korean exchange rates," also known as the **Kimchi premium**.
---
**Here’s the Truth**:
- 🔍 **Korean Exchange Rates**: Schwartz explained that the reported $3.84 was based on rates in South Korean exchanges, where crypto prices often surge above global levels due to local demand.
- 💬 **XRP Couldn’t Actually Be Sold for $3.84**: The CTO emphasized that **XRP was never actually traded at that price**; the inflated value was only due to these skewed exchange rates.
- 🌍 **The Kimchi Premium**: This phenomenon refers to the tendency for cryptocurrencies to trade at higher prices in South Korea compared to other regions, which artificially boosted XRP’s price in 2018.
---
**XRP Price Surge: A New ATH on the Horizon?**
XRP has made waves recently, surging **16% to $3.19** in the last 24 hours. With rumors circulating that the **SEC** may drop certain crypto cases after **Gary Gensler's departure** as SEC chairman on January 25, **XRP is making a serious run** toward its past highs – but this time, the price could be much more legitimate.
📈 **Current Price**: As of now, XRP is trading around **$3.10**.
---
**Why Does This Matter?**
Schwartz's clarification sheds light on the **real price action** of XRP and dispels the myth of a $3.84 ATH. However, with the recent rally and potential regulatory shifts, XRP could be primed for an even more legitimate breakout. Keep an eye on this one! 🚀
#Ripple #XRPATH #CryptonewswithJack #XRPPricePrediction #DavidSchwartz $XRP
🚨 **XRP's $3.84 "ATH" – Not What You Think!** 🚨
In a surprising revelation, Ripple's CTO **David Schwartz** cleared up the confusion about XRP's alleged all-time high of $3.84, achieved in January 2018. Despite widespread media reports, **Schwartz confirmed** that this price level was inflated due to "Korean exchange rates," also known as the **Kimchi premium**.
---
**Here’s the Truth**:
- 🔍 **Korean Exchange Rates**: Schwartz explained that the reported $3.84 was based on rates in South Korean exchanges, where crypto prices often surge above global levels due to local demand.
- 💬 **XRP Couldn’t Actually Be Sold for $3.84**: The CTO emphasized that **XRP was never actually traded at that price**; the inflated value was only due to these skewed exchange rates.
- 🌍 **The Kimchi Premium**: This phenomenon refers to the tendency for cryptocurrencies to trade at higher prices in South Korea compared to other regions, which artificially boosted XRP’s price in 2018.
---
**XRP Price Surge: A New ATH on the Horizon?**
XRP has made waves recently, surging **16% to $3.19** in the last 24 hours. With rumors circulating that the **SEC** may drop certain crypto cases after **Gary Gensler's departure** as SEC chairman on January 25, **XRP is making a serious run** toward its past highs – but this time, the price could be much more legitimate.
📈 **Current Price**: As of now, XRP is trading around **$3.10**.
---
**Why Does This Matter?**
Schwartz's clarification sheds light on the **real price action** of XRP and dispels the myth of a $3.84 ATH. However, with the recent rally and potential regulatory shifts, XRP could be primed for an even more legitimate breakout. Keep an eye on this one! 🚀
#Ripple #XRPATH #CryptonewswithJack #XRPPricePrediction #DavidSchwartz $XRP
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