Ripple CTO Defends GSR Trading Bots Amid XRP Sales Controversy
Ripple's CTO defends use of GSR trading bots amid XRP sales scrutiny. Decision aimed at compliance and reducing regulatory risk. Community remains skeptical despite clarifications.

Ripple's CTO defends use of GSR trading bots amid XRP sales scrutiny. Decision aimed at compliance and reducing regulatory risk. Community remains skeptical despite clarifications.
Ripple's CTO, David Schwartz, reveals plans for a game-changing shift in XRP Ledger, introducing an automated market maker (AMM) protocol. Addressing community concerns, Schwartz emphasizes key points and proposes solutions. The move aims to transform decentralized exchanges, but potential challenges require collaborative efforts for success.
Ripple's CTO clarifies XRP sales figures, refuting claims of significant increases. Quarterly reports are expected to provide a more comprehensive view. Debate continues on the impact of Ripple's sales on XRP's price dynamics. Ripple's CEO, Brad Garlinghouse, applauds the approval of Spot Bitcoin ETFs and anticipates broader crypto adoption.
Amid accusations against Elon Musk and the X platform, Ripple CTO David Schwartz supports Musk, emphasizing the importance of protecting free speech in the face of government scrutiny. The situation highlights the intricate balance between the First Amendment and social media content regulation, adding complexity when dealing with sensitive political content. Schwartz's stance echoes his previous defense of free speech in similar contexts.
Despite a recent decrease in crypto derivative trading volumes, which fell from around $2 trillion at the beginning of the year to approximately $1.5 trillion in September, Deribit remains optimistic about its expansion plans.
The recent Wells notice from the SEC to Coinbase has sparked another reaction from Ripple.
Ripple CTO David Schwartz and self-proclaimed Bitcoin inventor Craig Wright clashed for the first time around the X,mas holidays on Twitter.
With the recent collapse of FTX, the CTO of Ripple Labs reminded employees that “Ripple is always hiring.”
David Schwartz compared crypto miners in the Ethereum and Bitcoin ecosystem akin to shareholders of eBay, which he believes makes BTC and ETH a security as well.