Ripple CTO Challenges Custodia Bank CEO Over $XRP Allegations šŸŸ āš”ļø

Ripple’s Chief Technology Officer, David Schwartz, has publicly stepped into the ring to dispute claims made by Caitlin Long, CEO of Custodia Bank, casting a spotlight on XRP, the XRP Ledger (XRPL), and Ripple’s new stablecoin RLUSD. All of this unfolded after Long made critical remarks on the ā€œGold Goats ā€˜n Gunsā€ podcast earlier this August.

In her podcast, Long criticized Ripple for not meeting its early promises—questioning why XRPL hasn’t replaced systems like SWIFT despite over a decade of development. She also asserted that XRP’s origins resemble an ICO, raising doubts about decentralization and institutional trust.

Schwartz responded swiftly via social media, extending a direct invitation for a ā€œfact-based discussionā€ on Ripple, XRP, XRPL, and RLUSD: **ā€œI’m available whenever you want to chat about the factsā€¦ā€** He also directed followers to a detailed analysis by $XRP Ledger validator @Vet_X0, who debunked Long’s claims:

$XRP was not launched via ICO—the entire 100 billion tokens were generated in a genesis account, carrying no initial value.

XRPL is genuinely decentralized, with over 1,000 nodes and 100+ independent validators that Ripple does not control.

The choice to issue RLUSD on both Ethereum and XRPL is strategic and not a sign of distrust in Ripple’s own ledger infrastructure.

This growing public debate underscores a broader conversation in crypto: What qualifies as decentralization, and how much does origin history matter?

Whether Caitlin Long steps up remains to be seen—but one thing’s clear: Ripple’s CTO is ready to defend the facts.

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