Ripple CTO David Schwartz to Step Back, Joins Board
- David Schwartz, Ripple's longtime CTO, is stepping back from daily responsibilities to become "CTO emeritus" and join the board.
- Schwartz will focus more on personal interests within the XRP community, including running his own XRPL node and exploring new use cases for XRP.
- Dennis Jarosch, Ripple's SVP of Engineering, will assume technical operations leadership.
- Schwartz has been with Ripple since 2011, contributing significantly to the design and evolution of the XRP Ledger.
- This leadership change occurs as Ripple seeks to expand its RLUSD stablecoin into tokenized treasury markets and broaden XRP Ledger applications.
- XRP is currently trading at $2.84, down 1.7% over the past 24 hours.
