Arthur Britto, one of the creators of Ripple and the XRP Ledger, surprised the cryptocurrency world by breaking his 14-year social media silence on X (formerly known as Twitter). On June 23, he shared a mysterious post on his account encoded with a single emoji, sparking curiosity and speculation in the Ripple community.
(Source: Arthur Britto On X)
Many in the XRP community were shocked, with some even questioning if his account was hacked.
However, David Schwartz, Ripple’s CTO, has confirmed that Britto was really behind the post. Britto, who joined Twitter in 2011 but never posted until now. The account has 31,413 followers.
Britto helped develop the XRP Ledger alongside Schwartz and Jed McCaleb and co-founded Ripple in 2012. He was also responsible for the code that created 100 million XRP tokens.
According to some reports, he owns 2% of the total XRP supply. The XRP token is currently valued at around $2.08, according to CoinMarketCap.
Similar to Bitcoin’s mysterious creator, Satoshi Nakamoto, Britto has no public photos or interviews, sparking wild rumors that he does not exist. Schwartz has called him “extremely private” but confirmed they still communicate.
Is the Ripple vs SEC Lawsuit About to Settle?
The XRP community is expecting to witness breakthrough events this week. This week could be big for Ripple and XRP token holders. Judge Torres is expected to decide whether to approve a settlement between Ripple and the SEC.
The two sides have asked the court to ease restrictions on XRP sales and lower Ripple’s fine to $50 million.
Last time the judge rejected a similar request, XRP’s price dropped sharply. Now, investors are watching closely as if the judge says no again, Ripple may challenge the SEC further in court.
In 2023, the judge ruled that XRP sales on exchanges didn’t violate securities laws, which helped fuel hopes for an XRP ETF. But if the SEC wins an appeal, those ETF plans could be in trouble.
Pro-crypto lawyer Bill Morgan shared his opinion on this motion, saying “It seems likely to me that had the SEC not filed an appeal of the summary judgment decision of Judge Torres, that Ripple would not have filed an appeal on the institutional sales part of the summary judgment decision (although we cannot be sure) and the parties would have just moved on based on the summary judgment and the final orders that were made by Judge Torres.”
“The SEC’s new policy towards enforcement has encouraged Ripple to seek more than it would have been satisfied with or lived with before the SEC filed its appeal,” he added further.
Also Read: Fed Removes “Reputational Risk” Barrier for Crypto Firms
