‘A Lot of People Thought It Was Over’
Ondo Finance Summit in 2025, Ripple’s Chief Technology Officer (CTO), David Schwartz shares his ideas on Ripple’s future, the broader cryptocurrency space, and the company’s ongoing legal battle with the Securities and Exchange Commission (SEC) . Schwartz spoke with Coindesk, who publicized the importance of adopting institutions in the blockchain and cryptocurrency industries and used this as a key factor.
Schwartz first reflected on Ripple’s journey and pointed out the ups and downs the company has faced over the years. He said that while many in the industry once believed retail adoption would be the driving force for the widespread use of blockchain, it is now clear that institutional adoption is the prerequisite for mainstream success.
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Ripple’s resilience and recent victories
Schwartz acknowledged the challenges facing Ripple, especially after the SEC lawsuit. “Four years ago, when I found out that the SEC was suing us and a lot of people thought it would be the end of the business, we had the worst Christmas ever,” he said. Despite the setbacks, Schwartz pointed out Ripple’s Resilience and the company’s recent success, especially XRP, which is one of the best cryptocurrencies in recent months. He explains how the changing regulatory landscape in the United States unlocks new business opportunities both domestically and internationally.
He further said that changes in the U.S. regulatory environment have had a ripple effect worldwide. Now, countries that usually receive regulatory tips from the United States are now more open to fostering innovation and creating a more competitive international landscape for blockchain technology and cryptocurrencies.
