• David Schwartz holds XRP, Bitcoin (BTC), Ethereum (ETH), Stellar Lumens (XLM), Cardano (ADA), and other cryptocurrencies.
• Ripple had the technical capabilities to enter decentralized finance in 2015.

Ripple’s CTO, David Schwartz, has been cautious about disclosing his funds in other cryptocurrencies besides XRP. However, Schwartz responded to a community member and finally could have disclosed all of the cryptocurrencies he holds.

In order of size of the funds, Ripple’s CTO has XRP, Bitcoin (BTC), Ethereum (ETH), Basic Attention Token (BAT), Stellar Lumens (XLM), Cardano (ADA), Polymath, Bancor (BNT), Kin (KIN), Crypterium, StormX, Bitcoin Gold (BTG) and EOS. Although he did not disclose an exact amount, Schwartz clarified:

Note that this is not necessarily what I’d chose to hold now, I just kind of wound up here due to airdrops and other circumstances.

As reported by CNF, in the last few days the eyes of the crypto community have been on Ripple. The U.S. Securities and Exchange Commission’s (SEC) lawsuit against the company could expand and have consequences for the entire crypto market. Ripple’s CTO, David Schwartz, has been cautious when referring to the case.

Via his Twitter account, Schwartz went against the regulator and claimed that the United States is “one of the few countries” where a company maintains a relationship with the authorities and then receives sanctions. Apparently, Ripple made “frequent” reports about its activities to regulators in that country.

In addition, Schwartz described Ripple’s distribution of the XRP token as positive and believes that the payment solutions company’s actions are “ethically responsible”. In 2011 when the company was founded, decisions were made with risks that were difficult to evaluate, Schwartz added. While he believes a “good” job was done, he acknowledged that the results were not perfect:

I think we faced some unprecedented challenges and did a good job overall. Not perfect. I don’t think making big irrevocable commitments earlier would be helped and it definitely didn’t seem prudent at the time.

The biggest problem was that we didn’t want to hold XRP forever, but giving it away became impossible. It was a bizarre challenge.

Could Ripple have been the Ethereum in 2015?

Cardano’s inventor and IOHK CEO, Charles Hoskinson, referred to the SEC’s case against Ripple Labs and its CEO, Brad Garlinghouse. In a special Ask Me Anything (AMA) session, Hoskinson said the company mishandled XRP. For the inventor of Cardano, Ripple and XRP are a “weird chimera” of the crypto space.

In 2015, Ripple announced a platform for smart contracts called Codius. However, the project was shelved because, according to Hoskinson, decentralized finance was incompatible with Ripple’s vision. In that regard, he added the following while praising the expertise of David Schwartz as Ripple’s CTO:

You could have been Ethereum, guys. You were there first, you had the engineering, you had the people. I mean, David Schwartz is a very smart guy (…). He’s a good CTO, they let it all go (…).

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