XRP News: Ripple CTO Refutes XRP Inflation Claims, Defends ‘Company’s Right’ to Sell Holdings

Schwartz reaffirmed that the Ripple Ledger (XRPL) does not allow for minting additional tokens under any circumstances.

Meanwhile, he also defended Ripple’s right to sell XRP, a stance that has sparked debate within the Ripple cryptocurrency community. The discussion comes amid heightened scrutiny following the ongoing XRP lawsuit against the SEC Ripple case and concerns over Ripple price USD movements.

No New XRP Can Be Created, Says Schwartz

Amid increasing speculation surrounding Ripple news, Schwartz addressed claims that Ripple XRP could be inflated by minting new tokens. Responding to assertions made by X user Pierre Rochard, who suggested that Ripple exchange mechanisms might allow for the creation of new XRP USD, Schwartz clarified:

XRPL’s code strictly prohibits the creation of new XRP, a rule enforced by network nodes. Source: David Schwartz via X

Schwartz emphasized that Ripple crypto operates on a system of invariant checks, preventing even software bugs from accidentally generating extra Ripple currency prices. He cited past incidents like Bitcoin’s infamous value overflow bug, reassuring XRP lawsuit watchers that the Ripple ledger is designed to prevent such vulnerabilities.

Backing Schwartz’s statement, XRPL validator Vet and former Ripple cryptocurrency developer Matt Hamilton also debunked claims of a hidden “mint button” in the Ripple ledger code. Hamilton reinforced:

“There is literally no function to create any more XRP. The code to do such a thing does not exist.”

Ripple’s Right to Sell XRP Sparks Debate

In a separate discussion, Schwartz tackled the controversial issue of Ripple XRP news regarding its Ripple exchange sales. Critics argue that Ripple USD prioritizes corporate financial interests over retail investors.

Ripple generates revenue by selling XRP, categorizing it as an operating cash inflow. Source: Pierre Rochard via X

Schwartz’s remarks followed criticism from Riot Platforms Vice President Pierre Rochard, who cautioned investors against expecting Ripple market support for XRP price stability. He suggested that Ripple’s large holdings could negatively impact retail investors looking to buy XRP as a long-term investment.

Despite these concerns, Schwartz stressed that Ripple XRP news should be viewed in the context of business operations rather than investor expectations. Comparing XRP price prediction to holding an artist’s early artwork, he explained that Ripple crypto holders may hope for appreciation, but the company has no obligation to maintain the Ripple price USD.

$7 Billion XRP Wallet Raises Questions

Further fueling XRP news, blockchain investigator ZachXBT recently identified a dormant Ripple XRP wallet containing over $7 billion in tokens. The wallet, allegedly linked to Ripple Bank of America collaborator and Ripple co-founder Chris Larsen, had been inactive for six years.

However, related addresses moved more than $109 million worth of Ripple cryptocurrency to exchanges in January 2025, reigniting concerns over large Ripple market holders influencing Ripple currency price. While it’s unclear whether Larsen still controls these funds, the movement of such significant amounts adds uncertainty to XRP price predictions.

XRP Price Volatility Amid Trump’s Crypto Reserve Plans

The Ripple price USD has been highly volatile amid recent developments, with XRP price prediction discussions heating up following former U.S. President Donald Trump’s announcement that Ripple USD would be part of a proposed U.S. crypto strategic reserve. Alongside Bitcoin, Solana, and Cardano, Ripple cryptocurrency was listed as a major asset under consideration.

Ripple (XRP) was trading at around $2.62, up 4.43% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

This news briefly pushed XRP USD to $2.99 on March 2 before the rally faded, leaving Ripple price hovering around $2.45. Analysts warn that since the bill has yet to pass Congress, its long-term impact on XRP price prediction remains uncertain.

Final Thoughts

As Ripple lawsuit proceedings with the XRP SEC case continue and speculation around the Ripple dollar and broader market conditions intensify, investors are closely watching for the next XRP news update. Schwartz has firmly shut down claims of potential Ripple ledger inflation, but his defense of Ripple exchange sales underscores the complexities of corporate involvement in the Ripple cryptocurrency space.

With SEC Ripple scrutiny still ongoing and major Ripple Bank of America connections in play, the future of Ripple price USD remains a hot topic in Ripple news. Whether investors choose to buy or sell XRP, all eyes remain on XRP price movements and the broader Ripple market trajectory.

With the White House Crypto Summit underway later tonight, we’ll soon know if XRP is part of the Crypto Reserve, and perhaps even exempt from capital gains tax.