Ripple's CTO stated that the company will prioritize its own interests, implying the right to sell XRP to raise operating funds

2025-03-05 21:37:51

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ChainCatcher news, Ripple's Chief Technology Officer David "JoelKatz" Schwartz recently stated on social media, "Ripple can, will, and should prioritize its own interests. Investors should not expect Ripple to act in a way that harms the company and its shareholders for the benefit of investors." This implies that Ripple has the right to sell XRP tokens to raise operational funds, raising concerns among cryptocurrency investors.

This statement is a response to the criticism from Pierre Rochard, Vice President of Research at Riot Platforms, who warned investors that "they are not investing in Ripple the company, but merely acquiring tokens that were created out of thin air. XRP is not a security because Ripple does not actually owe you 'utility' or anything else."

Previous news, ZachXBT disclosed on his personal channel that Ripple co-founder Chris Larsen still holds over 2.7 billion XRP, worth approximately $7.18 billion.

Cryptocurrencies, Ripple, Investments, XRP, Cryptocurrency Exchange, Web3, Cryptocurrency Investment

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