The post Ripple CTO David Schwartz to step back after 13 years appeared on BitcoinEthereumNews.com.

On Sep. 30, Ripple CTO David “JoelKatz” Schwartz announced he’s stepping back from his daily activities at Ripple Labs after more than 13 years at the firm. He shared that over the last few months, he has been researching other use cases for XRP besides what Ripple is focused on. Still, he noted that he isn’t leaving Ripple permanently and will continue to remain active in the company’s activities. Schwartz joined the company in 2011 as a cryptographer and was promoted to Chief Technology Officer in 2018.  “The time has come for me to step back from my day-to-day duties as Ripple CTO at the end of this year,” Schwartz wrote on X. “I’m really looking forward to spending more time with the kids and grandkids and going back to the hobbies I set aside. However, be warned, I’m not leaving the XRP community. You haven’t seen the last of me (now, or ever). Schwartz steps back but remains on the Ripple board  Schwartz will remain at Ripple as Chief Technology Officer Emeritus, an honorary title, and will also join the company’s board of directors. CEO Brad Garlinghouse praised the move on X, calling Schwartz a “true OG in crypto.” A Ripple spokesperson noted that Dennis Jarosch, Senior Vice President of Engineering, will lead the team going forward. Data from the blockchain analytics platform Nansen showed that the price of XRP surged about 1.4% to $2.87 from $2.83 in the hours following Schwartz’s announcement. The token reached an all-time high price of more than $3.50 in July. It is currently the fourth-largest cryptocurrency by market capitalization, with a value of roughly $172 billion. Ripple is one of the leading blockchain tech and crypto payments firms in the world. Notably, Schwartz had been associated with both Ripple and the XRP Ledger…

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Filed under: News - @ October 1, 2025 1:21 am