Ripple CTO Says Bitcoin Creator Likely Holds Huge Amount of XRP, Court Document Reveals
2025-07-05 08:49:01
Main Idea
Ripple CTO David Schwartz suggested in a court deposition that Bitcoin creator Satoshi Nakamoto likely held a substantial amount of XRP, though there is no evidence linking Schwartz to Nakamoto.
Key Points
1. A resurfaced court document from the SEC’s lawsuit against Ripple revealed Schwartz's claim about Nakamoto's XRP holdings.
2. Schwartz made the statement during his 2023 deposition, speculating Nakamoto held a large XRP amount in 2017.
3. Observers noted a timeline alignment between Nakamoto's exit from Bitcoin in 2011 and Schwartz's public interest in new projects around the same time.
4. No evidence confirms Schwartz as Nakamoto, and his remarks remain speculative regarding Nakamoto's identity or holdings.
5. Ripple's management of XRP's ecosystem differs from Bitcoin's decentralized approach, as highlighted by Schwartz.
Description
A recently resurfaced court document from the SEC’s lawsuit against Ripple has revealed that Ripple’s Chief Technology Officer, David Schwartz, suggested that the creator of Bitcoin, known under the pseudonym Satoshi Nakamoto, likely owned a substantial amount of XRP. This assertion was made during Schwartz’s deposition filed in 2023, as part of the ongoing legal proceedings brought by the United States Securities and Exchange Commission against Ripple Labs. The deposition transcript, shared onl...
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