Ripple’s leadership evolution is reinforcing long-term confidence as David Schwartz transitions from CTO to board member, ensuring XRP innovation, stability, and strategic continuity remain firmly in focus.
Ripple CTO Transition Sparks Strategic Shift While Keeping XRP Momentum Alive
A wave of leadership changes is reshaping the crypto sector as some of its most influential figures shift into new roles while staying tied to their projects. David Schwartz shared on social media platform X on Sept. 30 that he will step back from his position as Ripple’s Chief Technology Officer (CTO) at the end of this year. Schwartz, who played a central role in building the Ledger and guiding Ripple’s technical direction for more than 13 years, will remain engaged with the company as CTO Emeritus and a member of the Board of Directors.
Reflecting on his tenure, Schwartz stated:
I can’t begin to explain the depth of my gratitude to this company, the people who work here, and the community that surrounds XRPL. It’s been one of the greatest honors and experiences of my life, second only to my amazing family.
He explained his decision to step aside: “The time has come for me to step back from my day-to-day duties as Ripple CTO at the end of this year. I’m really looking forward to spending more time with the kids and grandkids and going back to the hobbies I set aside. But be warned, I’m not going away from the community. You haven’t seen the last of me (now, or ever).”
Schwartz noted that he will focus on tinkering with XRPL infrastructure and experimenting with new use cases for outside of Ripple’s commercial strategy.
Ripple CEO Brad Garlinghouse praised Schwartz’s contributions in on X: “The smartest (and maybe the funniest) person I know. A true OG in crypto with the conviction and vision to see what others couldn’t – you are a legend.” Garlinghouse added:
Thank you David for everything you’ve done for the industry, for Ripple and for the Ledger. We are all forever grateful… and in awe of your immense impact.
The Ripple CEO explained that Schwartz would continue to provide guidance as a board member. “I’m not taking our weekly check-ins off the calendar though… and am glad you won’t be far as you join the Ripple board, continuing to impart your deep crypto wisdom and guidance on what we’re building. Wait…does this mean you’re my boss now!?!” he wrote.
Author: Kevin Helms
Source: Bitcoin
Reviewed By: Editorial Team
