Mason Versluis1.5 Million+ Creator, Founder, Investor

HUGE XRP NEWS - RIPPLE CTO STEPS DOWN! ⚠️

Name: HUGE XRP NEWS - RIPPLE CTO STEPS DOWN! ⚠️
Uploaded: 2025-10-01T21:02:09+00:00
Duration: 1 min 54 s
Channel: Mason Versluis
Description: In this video, the presenter reacts to the announcement that Ripple’s Chief Technology Officer, David "Swedish Chef" Schwartz, will step down after 13…

1 Oct 2025 · 2 min

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1:54

In this video, the presenter reacts to the announcement that Ripple’s Chief Technology Officer, David "Swedish Chef" Schwartz, will step down after 13 years. He emphasizes the significance of the news, noting Schwartz’s pivotal role in creating and coding the XRP Ledger and his long career, including consulting for the NSA and observing Bitcoin’s early days. The speaker argues that Schwartz’s departure signals a new era for XRP and remains bullish, citing his own 7‑year holding history and commitment to continue holding. He speculates that the impact on XRP would be negative only if Schwartz joins a competing platform such as Algorand or Hedera, in which case he would become bullish on those projects instead. The presenter thanks Schwartz for his contributions, invites viewers to share their opinions on whether the change is good, bad, or a routine career move, and underscores his belief that the XRP ecosystem will outlast individual personnel changes.

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Wow, so some of the biggest XRP news ever just happened today. The Ripple CTO David Schwartz announced that he is stepping down at the end of the year. After 13 years at Ripple, he is stepping down. He does specifically mention that he's not leaving the XRP community, and he's been playing around with different ways he can get more involved. Is this good or bad for XRP holders? In my opinion, this is further proof of what I've been saying for the past year, which is XRP is moving into a brand new era. And this is further proof. We even have the guy who created and coded the XRP Ledger stepping down. XRP is moving in an interesting direction. I'll be here outlasting everybody. I've been holding for 7 years and I'll continue holding. Now the only case that this would be really bad is if he goes and works on competing products, like if he went to Algorand or if he went to Hedera, then for XRP specifically, it would be a little bit like, um, okay, what's going on? But then I'd be bullish on HBAR even more and bullish on Algorand or wherever he went even more. This is one of the greatest crypto minds, the greatest crypto figures of all time. This dude created XRP, the XRP Ledger. So I want to give a big thank you for David Schwartz for all of the work that he put in, because we wouldn't be here without him. Let me know your thoughts. Do you think this is bad, or is this good, or is this just a regular job change, right? He's had a long 40 years. He actually consulted for the NSA. He watched the early stages of Bitcoin. It's been a long ride for him, and maybe he wants to move on to better things. Clearly he does.