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Today: Jun 12, 2024

CTO: Negativity wanes as Ripple battles in court.

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TLDR: Ripple’s Chief Technology Officer, David Schwartz, has stated that the negativity towards the company has decreased amid its ongoing legal battle with the SEC. In an interview with Thinking Crypto, Schwartz discussed the recent ruling by Judge Torres, which clarified that XRP is not inherently a security. He noted that people have examined the case and recognized its broader implications, leading to a decrease in negativity towards Ripple. Schwartz also highlighted three key victories for Ripple in the legal battle, including the ruling on XRP’s non-security status and the dismissal of charges against Chris Larsen and Brad Garlinghouse. Despite the legal victories, Schwartz mentioned that the regulatory front may feel somewhat dull at the moment but emphasized the importance of industry engagement with regulators and the potential impact of new legislation.