David Schwartz to Step Back as Ripple CTO, Be Named CTO Emeritus and May Retain Influence on XRP

David Schwartz, long-time architect of the XRP Ledger , will step back from daily duties as Ripple CTO at year-end, transitioning to CTO emeritus and a board role while remaining active in the XRP ￰0￱ change at Ripple announced Schwartz becomes CTO emeritus and joins the board; Dennis Jarosch will lead engineering. On-chain data showed a ~1.4% XRP price uptick after the announcement (Nansen data). David Schwartz Ripple CTO steps back — official update, XRP market reaction, and next steps; read the full leadership ￰1￱ Schwartz was one of the chief architects behind the XRP Ledger and is well known by many in the cryptocurrency and blockchain ￰2￱ is David Schwartz and what did he announce?

David Schwartz , a founding engineer of the XRP Ledger , announced he will scale back his day-to-day duties as Ripple CTO at the end of this year and transition to CTO emeritus while joining Ripple’s board of ￰3￱ will change in Ripple’s leadership when David Schwartz steps back? Schwartz will retain an advisory and board role as CTO emeritus , providing institutional knowledge and technical ￰4￱ vice president of engineering Dennis Jarosch will take operational leadership of the engineering team going ￰5￱ did markets react to the announcement? On-chain analytics from Nansen recorded an immediate market response: XRP price rose roughly 1.4% from $2.83 to $2.87 in the hours after the announcement.

XRP’s market capitalization remains among the largest in crypto, reflecting steady community interest.) shortly after the announcement, per on-chain ￰6￱ David Schwartz’s move from active CTO to CTO emeritus and board member marks a planned leadership transition that retains his expertise while enabling new operational leadership at ￰7￱ change supports continuity for the XRP Ledger and keeps the company on track for its technical ￰8￱ official updates, refer to Ripple statements and company communications.