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Ripple CTO David Schwartz to Exit Day-to-Day Role and Join Board as CTO Emeritus

The long-time XRP Ledger architect shifts into a board advisory role to maintain strategic continuity.

All about Ripple CTO's exit and the impact on XRP's price
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Overview

  • Ripple said senior vice president of engineering Dennis Jarosch will take over technical operations.
  • Schwartz plans independent XRPL work including running his own node, publishing data, and researching new XRP use cases.
  • He cited a desire to spend more time with family and return to personal hobbies while remaining active in the XRP community.
  • XRP saw a modest, short-lived price move around the announcement, with some outlets noting a brief push toward $3.
  • The transition drew praise from Ripple leaders and prompted community debate as the company faces competition from SWIFT’s blockchain efforts with Consensys.