Craig Wright Assures XRP Is Gone; Ripple CTO Counters

Ashish Kumar
February 6, 2023
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Ripple News: Ripple CTO Defends Joe Biden's Gag Order Plea In Trump Trial

XRP News: David Schwartz, Ripple CTO and Craig Wright, Self-proclaimed Bitcoin inventor have been going back and forth over the XRP lawsuit outcome. However, this time, Ripple CTO targeted Wright involving a case around blockchain developers.

Advertisement
Advertisement

Is Ripple flaunting laws?

As per reports, the UK Court of Appeal overturned a decision announced by High Court which will decide whether blockchain developers owe legal duties to their users. The case is expected to determine obligations to return access to stolen digital assets.

Ripple CTO termed this lawsuit nonsensical, while he claims that Craig Wright doesn’t require any person to write code. Schwartz claimed that a Self-proclaimed bitcoin inventor is just trying to compel people in order to persuade others to run the code.

He added that Wright is suing developers to get them to build some code. However, Wright replied that this lawsuit will bring the developers to act inside existing law. While he stated that Ripple is flaunting these rules. Read More XRP News Here…

Ripple CTO inquired Craig Wright over his implied integration. Schwartz asked what kind of actions Wright is trying to compel and asked him to debate about what code Bitcoin nodes should run.

Advertisement
Advertisement

David Schwartz to face scrutiny?

Self-proclaimed bitcoin inventor highlighted that Ripple doesn’t follow the law and lies about decentralization. He further joked about Schwartz’s knowledge to understand the law. However, Ripple’s CTO stood his ground calling the lawsuit pressed by Wright’s argument no conceivable justification.

However, Wright claimed that Schwartz knows that if Tulip Trading Limited wins this case, then XRP is gone. He added that they will lie to admit the fraud. While he compared Ripple CTO with the Maddoff.

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.