XRP, core funding for US secret plan?...Ripple key figure "groundless"

▲ XRP, US/AI generated image

Overheated expectations in the market are rapidly cooling down as a key Ripple figure directly dismissed claims that XRP is part of a secret US 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 US government or central bank, stating, “There are no large-scale plans or hidden agreements.”

Schwartz emphasized that the repeated claims in the market that ‘the government will utilize XRP’ are “almost always close to a conspiracy theory.” He explained that while Ripple does have various confidential contracts, these are merely general non-disclosure agreements (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 utilized for payment and messaging infrastructure based on fiat currencies or stablecoins like RLUSD, rather than XRP.

Schwartz stated, “Many partners require non-disclosure agreements to protect their businesses,” adding, “Claims that interpret these as large-scale events or government intervention are far from the truth.”

This statement directly refutes 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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