CTO Ripple David Schwartz announced on Tuesday that it would resign at the end of the year after more than a decade in the business.
Schwartz, who helped code the XRP Ledger, said in an article on X that he wanted to spend more time with his family and return to hobbies that he had long put aside.
“But be notified, I am not moving away from the XRP community. You have not seen the last of me (now or never),” he wrote.
Although he left his executive role, Schwartz will remain involved in Ripple. He will take place on the company’s board of directors and will serve as CTO Emeritus, a position which will allow him to remain connected while pursuing personal projects.
The CEO of Ripple hosts Schwartz’s continuous role on board
He explained that in recent months, he directed his own XRPL node, published data and explored new use cases for XRP outside the main company of Ripple. He added that he was looking forward to spending more time, talking to developers and experimenting with applications that go beyond payments.
“I will always be in and out of the Ripple office as CTO Emeritus, and as my last task at Ripple, Chris asked me to join the board of directors of Ripple to continue to support the company’s mission and long-term vision … and I accept,” he said.
The CEO of Ripple, Brad Garlinghouse, congratulated Schwartz in his own article, calling him “real OG in crypto with the conviction and the vision of seeing what others could not”. He added that their regular checks would continue and have shown a relief that Schwartz would remain close within the framework of the Board of Directors.
The regulation of the court ends the shade of the trial of $ 1.3 billion in the
Schwartz’s departure marks the end of a chapter in Ripple. He worked in close collaboration with CEO Brad Garlinghouse during the long legal battle of the company with American regulators. The SEC had continued Ripple in 2020, saying that it had raised $ 1.3 billion by selling XRP as an unregistered guarantee.
This trial weighed heavily on Ripple. He also shaped the debate on the digital asset market on how cryptocurrencies should be regulated. After years of hearings and calls, the case finally ended in August 2025. A court approved a settlement between Ripple and the SEC, which many considered an important step for industry.
Now, while Schwartz is preparing to withdraw, Ripple looks towards the future. The company is positioned for a post-plot era with more regulatory clarity. At the same time, his continuous role on the board of directors notes that Ripple always appreciates his technical expertise, while he moves away from daily operations.
XRP exchanged 1.5% drop on Tuesday at $ 2.84, bringing its losses in last week to 6.5%.
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