Schwartz denies Epstein links to XRP or Ripple

Ripple's CTO Emeritus David Schwartz has stated he knows of no connections between Jeffrey Epstein and XRP or Ripple. He warns of a 'giant iceberg' amid revived early disputes in the crypto sector. These issues highlight ongoing structural weaknesses affecting trust and governance.

David Schwartz, Ripple's CTO Emeritus, addressed recent speculations regarding Jeffrey Epstein's potential involvement with XRP or Ripple, firmly stating that he knows of no such links. In a statement covered by Bitcoin News, Schwartz emphasized the absence of any behind-the-scenes ties to the financier, whose associations have long cast shadows over various industries.

The remarks come as Ripple confronts unresolved fault lines in the cryptocurrency space. Schwartz warned of a 'giant iceberg,' suggesting that early disputes, including those revived around Epstein's purported role, reveal deeper structural weaknesses. These persist in influencing trust, governance, and overall industry cohesion.

Published on February 1, 2026, the comments underscore ongoing challenges for Ripple, a key player in blockchain technology. While Schwartz's denial aims to clarify rumors, the broader implications point to lingering vulnerabilities in the crypto ecosystem that could impact investor confidence and regulatory scrutiny.

No specific details on the 'iceberg' were elaborated, but the warning highlights the need for transparency in resolving historical controversies.

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Illustration of Larry Summers looking ashamed while stepping away from boardroom with Epstein emails, OpenAI, and Harvard elements in the background.
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Larry Summers steps back from public roles as Epstein emails trigger OpenAI exit and Harvard leave

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Emails released last week show years of correspondence between former Harvard president Larry Summers and Jeffrey Epstein, including exchanges in which Epstein called himself Summers’ “wing man” and offered romantic advice. Summers said Monday he is “deeply ashamed” and would step back from public commitments; by Wednesday he had resigned from OpenAI’s board and taken leave from teaching as Harvard reviews the matter. Several institutions also moved to end or pause affiliations with him.

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Brandon LaRoque, a veteran from Raleigh, North Carolina, lost his life savings of approximately $3 million in XRP cryptocurrency to a hack in October. This personal tragedy highlights broader risks in the unregulated crypto industry, which has seen President Donald Trump and his family earn billions while rolling back regulations. Experts warn that such deregulation enables scams and allows crypto interests to influence politics.

A cryptocurrency analyst has cautioned investors against purchasing XRP, citing a rare technical pattern that suggests an impending major price drop. This pattern, observed only twice before in XRP's history, has historically preceded significant downturns. The warning highlights potential risks in the cryptocurrency's market structure.

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Democratic lawmakers have accused the Securities and Exchange Commission of engaging in a pay-to-play scheme by dismissing crypto enforcement cases amid substantial industry donations to President Donald Trump's campaigns. In a letter to SEC Chair Paul Atkins, they highlight dismissals involving firms like Coinbase and Binance, and express concerns over a similar outcome in the case against Justin Sun. The allegations point to millions in donations and investments tied to Trump family ventures as influencing these regulatory decisions.

The cryptocurrency market experienced an initial dip following President Donald Trump's speech at the World Economic Forum in Davos but later showed modest gains after he appeared to back away from tariff threats related to Greenland. Traders revived the acronym TACO, standing for 'Trump Always Chickens Out,' reflecting skepticism about his aggressive rhetoric. Bitcoin rose to $90,232, while Ethereum increased by over 1.3% to $3,036 in the last 24 hours.

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Coinbase CEO Brian Armstrong has withdrawn support for the US Senate's Clarity Act, a major crypto regulation bill, citing excessive power granted to the Securities and Exchange Commission and other restrictive measures. His opposition, voiced just before a key committee vote, has introduced uncertainty to the long-debated legislation. The bill aims to clarify the regulatory status of cryptocurrencies but has drawn mixed reactions from the industry.

 

 

 

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