- Schwartz said there are no secret deals with governments or central banks tied to XRP.
- Ripple has hundreds of NDAs, but they’re just normal commercial contracts.
- He repeated that XRP escrow balances are open for anyone to see on‑chain.
David Schwartz, Chief Technology Officer Emeritus at Ripple, has pushed back on persistent conspiracy theories that the US government or central banks have secret deals tied to XRP. Reacting to rumors spreading online, Schwartz flatly denied any secret deals.
He addressed several recurring theories, including that governments are quietly stacking XRP, there are pre‑arranged contracts linked to XRP escrow, and XRP is somehow part of a clandestine global financial reboot.
The former CTO dismissed all of these ideas as unfounded, stating that there are no secret deals with governments or central banks tied to XRP.
One of the key points raised by Schwartz was Ripple’s use of non-disclosure agreements (NDAs), which some people point to as “proof” of hidden arrangements. He says Ripple does have hundreds of NDAs, but they’re just normal commercial contracts that banks and financial firms routinely ask for.
In other words, NDAs are used to protect business relationships, not to conceal government‑level conspiracies.
Schwartz also tackled theories about XRP’s escrow system, a common target of speculation.
He repeated that XRP escrow balances are open for anyone to see on‑chain. The former CTO also mentioned that releases happen on a set public schedule, and that users can track all the moves themselves with a blockchain explorer.
Constant Conspiracies
XRP conspiracy theories have been around for years, often due to Ripple’s ties to big banks or XRP’s role in cross‑border payments.
That’s led some investors to wonder if XRP might fit into CBDCs (Central Bank Digital Currencies), global settlement systems, or government‑backed finance.
However, Schwartz’s latest comments debunk all of that, at least for the time being.
XRP itself has seen renewed attention recently. For instance, in late March, a Coinbase and EY‑Parthenon poll of 351 big investors (most handling over $1 billion) found that 18% already own XRP, and another 25% are looking to buy by year‑end.
As for its price, XRP has experienced a decline of about 4% compared to the previous week, but is still seeing small gains (roughly 2%) in the last 30 days. It’s currently hovering at approximately $1.43.
Related: SEC Amendment Pushes GraniteShares 3x XRP ETF Launch to May 7
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Source: https://coinedition.com/former-ripple-cto-there-are-no-secret-us-govt-plans-for-xrp/
