The post Ripple’s David Schwartz Raises Red Flag, Hints At Possible Shutdown In The US appeared first on Coinpedia Fintech News
Ripple’s CTO, David Schwartz, recently made a statement suggesting that Ripple is contemplating shutting down its operations in the United States due to the ongoing legal battle with the SEC. This has caused concern in the crypto community, with some speculating about the implications of such a move.
The SEC filed a lawsuit against Ripple in December 2020, alleging that XRP, the cryptocurrency at the center of Ripple’s payment network, is unregistered security. Ripple has denied these allegations, and the legal battle has been ongoing ever since.
David Schwartz’s Comments
In a recent Twitter thread, David Schwartz, Ripple’s CTO, commented on the lawsuit and the potential implications for Ripple and the crypto industry. He stated that “we can’t succeed if the industry doesn’t succeed,” and that “a world where, say, Twitter is the only succes
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