The post Ripple CTO Confirms XRP Sales: Here’s Why appeared on BitcoinEthereumNews.com.

Ripple will continue to sell XRP to fund operations David Schwartz agreed on the fact that Ripple isn’t a security The company has more XRP than they could possibly monetize in a short period of time David Schwartz, CTO of Ripple, confirmed in an X post that the company is selling XRP to fund operations and will continue to do so. He said that Ripple will act on its own interest, and that the public shouldn’t expect Ripple to act to their benefit, especially not if it hurts Ripple’s own interest or those of its shareholders. The entire discussion started after Pierre Rochard said that XRP isn’t a security.  Ripple Prioritizes Company Gains & Long-Term Viability When you look at it from a corporate standpoint, Schwartz’s comments make a lot of sense since Ripple, as a publicly traded company with shareholders, is more than likely to prioritize its own gains and long-term viability over the demands or desires of individual users.  This means that even if some users push for changes that might benefit them in the short term, Ripple won’t compromise its core business or financial health simply to satisfy those demands. As a publicly traded company, Ripple is legally and ethically obligated to act in the best interests of its investors, even if those decisions may not always align perfectly with what some users or community members want. Ripple’s Longevity  Schwartz also reminded the community that Ripple has been active in the crypto space for about 14 years. He effectively highlighted that the company is anything but a fleeting project. This longevity should instill confidence that Ripple’s team and technology are here to stay, adding to the overall stability of the XRP ecosystem. He also said that Ripple has more XRP than it could possibly monetize in a…

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Filed under: News - @ March 5, 2025 3:21 pm