Ripple CTO David "Joel Katz" Schwartz recently stated on social media that "Ripple can, will and should be self-interested. Investors should not expect Ripple to benefit investors in a way that harms the interests of the company and its shareholders." Hinting that Ripple has the right to sell XRP tokens to raise working capital has raised concerns among cryptocurrency investors.
The comments were in response to criticism from Pierre Rochard, vice-president of research at Riot Platforms, who warned investors that "you're not investing in Ripple, you're just getting tokens created out of thin air. XRP is not a security because Ripple doesn't actually owe you'utility 'or anything else."
Ripple CTO: Ripple'should consider its own interests' when selling XRP
2025-03-05 13:43:31
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