XRP, key funding for a US secret plan?...Ripple key figure "untrue"

▲ XRP, United States/AI Generated Image

Market expectations, which had been overheated, are rapidly cooling down as a key Ripple figure has directly dismissed claims that XRP is part of a secret U.S. government plan as a conspiracy theory.

According to cryptocurrency media outlet U.Today on April 24 (local time), David Schwartz, former Ripple CTO, drew a line against claims that XRP is involved in a secret project of the U.S. government or central banks, stating, “There are no large-scale plans or hidden agreements.”

Schwartz emphasized that claims repeatedly raised in the market about ‘the government utilizing XRP’ are “almost always close to conspiracy theories.” He explained that while Ripple indeed has various non-disclosure agreements, these are merely general NDAs with financial institutions and are unrelated to any specific grand plan.

Ripple maintains partnerships with major financial institutions such as Deutsche Bank and Societe Generale, but these partnerships are reportedly being used for payment and messaging infrastructure based on fiat currencies or stablecoins like RLUSD, not XRP.

Schwartz stated, “Many partners require non-disclosure agreements to protect their businesses,” adding, “Claims that interpret this as a major event or government intervention are far from the truth.”

These remarks directly refute market expectations that XRP will be adopted as a core asset in the global financial system, serving as an opportunity to temper overly widespread optimism.

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