Ripple CTO: Ripple ‘Should Consider Its Own Interests’ When Selling XRP

Ripple CTO David ‘JoelKatz’ Schwartz recently stated on social media that ‘Ripple can, will, and should act in its own self-interest. Investors should not expect Ripple to act in a way that benefits investors at the expense of the company and its shareholders.’ Suggesting that Ripple has the right to sell XRP tokens to raise working capital has raised concerns among cryptocurrency investors. The comments came in response to criticism from Pierre Rochard, vice president of research at Riot Platforms, who warned investors that they ‘are not investing in Ripple, but are simply getting tokens created out of thin air. xrp is not a security because Ripple doesn't actually owe you “utility” or anything. XRP is not a security because Ripple doesn't actually owe you ‘utility’ or anything else.’