After nearly 14 years of silence, Arthur Pryto, co-founder of Ripple and Ledger XRP, broke his silence with a new post, coinciding with the impending resolution of the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against the company.
David Schwartz, Ripple's Chief Technology Officer, confirmed the post, denying any breach.
“Pryto” is known for his extreme privacy and complete avoidance of media and public discussions, leading some to question his existence.
Nevertheless, legal records and official statements document his significant involvement in founding Ripple and developing its infrastructure.
This rare public appearance comes at a sensitive time, as the involved parties await Judge Analisa Torres's ruling on a joint settlement request, which would end the years-long case.
The agreement stipulates the distribution of a $125 million fine between the two parties, with the authority receiving $50 million and $75 million being returned to Ripple.
If approved, the case will be closed permanently and all appeals will be dropped, allowing Ripple to move forward without legal restrictions.
In case of rejection, the entire fine may remain in effect, with continued restrictions on institutional XRP sales, bringing the case back.
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