Ripple CTO David Schwartz has confirmed that Ripple is not obligated to hold XRP and that it can act in its own best interest. He compared XRP ownership to owning early artwork from an emerging artist, stating that while investors may hope for value creation, there is no obligation for Ripple to prioritize their interests. Schwartz also pointed out that Ripple has been in the industry for 14 years and holds more XRP than it can liquidate in the short term. He dismissed the idea that Ripple will be the only successful crypto company, likening it to expecting Google to be the sole winner in the internet industry. Schwartz's comments align with Ripple's defense in its ongoing legal battle with the SEC, which alleges that Ripple had an obligation to ensure XRP holders observed gains. Schwartz attributed confusion about Ripple's role in the XRP ecosystem to those pushing the narrative that XRP is a security. The discussion also touched on the debate over who issued XRP, with Vet clarifying that the XRP Ledger existed before Ripple as a company.



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