David Schwartz, Ripple's CTO, has clarified that Ripple will not act to the detriment of its own interests or shareholders. He compared the XRP token to art pieces, saying that holding early works from an artist's career can drive demand and create markets for the early work. Schwartz's comments come after Pierre Rochard argued that XRP is not a security because it does not provide holders with any utility. Bitcoin advocate Julian Fahrer claimed that XRP has no enterprise or expectation of profits. Schwartz also mentioned that Ripple will remain active in the cryptocurrency space for a longer period due to its large amount of XRP holdings. Ripple CEO Brad Garlinghouse confirmed that the company owned more than $100 billion worth of XRP tokens.



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