Claim $500Craig Wright Calls XRP ‘Useless Pump And Dump Scheme’, Ripple CTO Hits back
XRP News: David Schwartz, Ripple CTO and Craig Wright, self proclaimed Bitcoin creator got into a war of words over BTC adoption by institutional investors. However, this heated conversation took a wrong turn toward the XRP token and its utility.
Ripple CTO – Craig Wright’s ugly banter
Craig Wright in a tweet wrote that Bitcoin cannot be adopted by institutional investors until it gets recovered under a legal order.
However, Ripple CTO called this comment dumb for so many reasons. He questioned why “institutional investors” are a target market for peer-to-peer digital cash. While he added which jurisdictions would it cover?
Self proclaimed Bitcoin creator implied that Ripple CTO is unaware of how Finance works and he holds no idea how the legal framework works out. He added that David Schwartz really doesn’t understand Bitcoin. While he carries no experience in institutional investment. Read More XRP News Here-
Craig Wright in his further comments brought up Ripple and its native crypto, XRP. He stated that Ripple CTO has a very limited area of expertise. He called out XRP as the most useless pump and dump scheme in this entire industry.
To this comment, Ripple CTO replied that at least he doesn’t abuse the legal system in order to silence my critics and steal.
David Schwartz to sue self proclaimed Bitcoin creator
Craig Wright called Ripple CTO a liar for talking about XRP being used as a cross border bridge between systems.
However, David Schwartz stated that Craig Wright is fortunate that he is not a despicable coward who would sue someone for sharing an opinion.
Meanwhile, Wright claimed that he is putting the truth in front of all. While XRP and Ripple would sue him if it wasn’t the truth.
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.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Top Gainers of the Week: MYX, PEPE, CC Lead Market Gains as as Bitcoin Rallies To $90k
- Crypto Traders Increase Bets on Judy Shelton for Fed Chair as Trump Remains Silent on Powell’s Successor
- Fed Injects Another $22.8B as Bitcoin Rises Amid Maduro Indictment
- Crypto Investors Fear Market Crash as U.S. Captures Venezuelan President Maduro
- XRP Flips BNB to Become Third-Largest Crypto as $14M ETF Inflows Fuel Breakout Rally
- MSTR Stock Price Prediction 2026: Wall Street Senior Analyst Targets $500
- XRP Price Reclaims $2 After 10% Breakout: How High Can It Climb in January 2026?
- Ethereum Price Prediction 2026 As Vitalik Buterin Unveils New Scaling Roadmap
- Bitcoin and XRP Price Prediction 2026 Ahead of US Crypto Reserve, CLARITY Act
- Analyst Predicts Cardano Price to Surge 103% to $0.75 as Midnight, Leios Launch Near
- Dogecoin Price Jumps 10% as Whales Scoop Up 220M DOGE; What’s Next?
