Ripple CTO David Schwartz recently defended his XRP holdings amid investor criticism. ๐ After the SEC appealed to the Supreme Court to overturn the ruling in Rippleโs favor, Schwartz explained that he is committed to the values โโof Ripple and all stakeholders. ๐ผ
He asserted that his XRP holdings have fluctuated just like any other investorโs. ๐ With previous court rulings stating that selling XRP on secondary markets does not violate securities laws, Schwartz hopes the Supreme Court will take a practical approach to the law. โ๏ธ
He also explained that no investment contract should be based solely on oneโs self-interest, comparing it to buying a work of art from an emerging artist with no expectation of future profits. ๐จ Schwartz sought to reassure the community by asserting that his interests are aligned with theirs.
While XRP is not aggressively promoted to retail investors, this actually works in Rippleโs favor in the current legal context. ๐ Legal expert Bill Morgan noted that Rippleโs cautious approach is a wise strategy given the ongoing litigation.
XRP recently saw a 30.57% gain in eight days and 14.35% in the last 24 hours, giving new hope to XRP holders. ๐ While many remain cautious, Ripple is trying to focus on long-term stability rather than short-term gains.
Now, all eyes are on the Supreme Court to see how XRPโs regulatory status will develop. ๐
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