David Schwartz, the Chief Technology Officer of Ripple Labs, has recently discovered his first tweet from 2009, which has sparked a lot of positive reactions from the XRP community.
In the tweet, Schwartz showcased his typically light-hearted communication style, stating “The passive voice will be used by me!”, giving an insight into his future online interactions.
This was my first tweet, made about two months after I joined exactly 15 years ago. https://t.co/2VZZ0ly8Rv
— David "JoelKatz" Schwartz (@JoelKatz) April 27, 2024
Read Also: Ripple CTO’s Past Comments Show the True Value of XRP
Schwartz’s venture into social media coincided with the early days of Ripple, a company, founded to facilitate seamless global payments. The firm has since established itself as a leader in blockchain technology.
However, in a separate tweet earlier this year, Schwartz shed light on what could lead him to step away from his role at Ripple.
Financial Security vs. Passion for the Project
Financial security is not a primary motivator for Schwartz. He acknowledged holding a significant amount of Ripple stock (around 2%) and suggested he could theoretically leave the company at any time.
While not a billionaire by personal admission, Schwartz expressed regret over prioritizing Ripple stock options over receiving a portion of XRP at that time, a decision made by the company’s co-founders in the early days. Notably, Chris Larsen, Arthur Britto, and Jed McCaleb collectively received 20 billion XRP.
This seemingly minor detail has broader implications. In 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple and Larsen, alleging the unregistered sale of XRP as securities. While the charges against Larsen (and CEO Brad Garlinghouse) were dropped three years later, the legal battle between the SEC and Ripple Labs persists.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Ripple CTO Clarifies Potential Impact of AMM On XRP Price Volatility
Schwartz’s Perspective: A Window into Ripple’s Future
Schwartz’s thoughts on his early days in social media and his perspective on personal motivation provide an exceptional viewpoint of the person who plays a crucial part in the technological progress of Ripple. This also brings to light the legal hurdles the firm is currently facing, which could significantly impact the future of XRP and the firm’s position in the cryptocurrency industry.
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