Ripple CTO David Schwartz to Exit Role By Year-End, Stay On As Advisor
Ripple CTO David Schwartz announced Tuesday he’ll step down on the finish of the yr after greater than a decade on the firm.
Schwartz, who helped code the XRP ledger, mentioned in a publish on X that he needed to spend extra time together with his household and return to hobbies he had lengthy put aside.
“But be warned, I’m not going away from the XRP group. You haven’t seen the final of me (now, or ever),” he wrote.
Although leaving his govt position, Schwartz will stay concerned with Ripple. He will sit down on the corporate’s board of administrators and function CTO Emeritus, a place that may enable him to keep related whereas pursuing private tasks.
Ripple CEO Welcomes Schwartz’s Continued Role On Board
He defined that in latest months, he has been working his personal XRPL node, publishing knowledge and exploring new use circumstances for XRP outdoors Ripple’s core enterprise. He added he regarded ahead to spending extra time coding, speaking to builders and experimenting with functions that transcend funds.
“I’ll nonetheless be out and in of the Ripple workplace as CTO Emeritus, and as my final process at Ripple, Chris requested me to be a part of Ripple’s Board of Directors to proceed supporting the corporate’s mission and long-term imaginative and prescient…and I settle for,” he mentioned.
Ripple CEO Brad Garlinghouse praised Schwartz in his personal post, calling him a “true OG in crypto with the conviction and imaginative and prescient to see what others couldn’t.” He added that their common check-ins would proceed and confirmed reduction that Schwartz would stay shut as a part of the board.
Court Settlement Ends Shadow Of SEC’s $1.3B Lawsuit
Schwartz’s departure marks the top of a chapter at Ripple. He labored carefully with CEO Brad Garlinghouse in the course of the firm’s lengthy authorized battle with US regulators. The SEC had sued Ripple in 2020, claiming it raised US$1.3 billion by promoting XRP as an unregistered safety.
That lawsuit weighed closely on Ripple. It additionally formed debate throughout the digital asset market about how cryptocurrencies ought to be regulated. After years of hearings and appeals, the case finally ended in Aug. 2025. A courtroom accredited a settlement between Ripple and the SEC, which many considered as a milestone for the trade.
Now, as Schwartz prepares to cut back, Ripple is wanting forward. The firm is positioning itself for a post-litigation period with extra regulatory readability. At the identical time, his continued position on the board indicators that Ripple nonetheless values his technical experience, at the same time as he steps away from every day operations.
XRP traded 1.5% decrease on Tuesday at $2.84, bringing its losses over the previous week to 6.5%.
The publish Ripple CTO David Schwartz to Exit Role By Year-End, Stay On As Advisor appeared first on Cryptonews.
