{"id":287116,"date":"2021-04-15T04:04:17","date_gmt":"2021-04-15T08:04:17","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=287116"},"modified":"2021-07-24T15:30:20","modified_gmt":"2021-07-24T19:30:20","slug":"ripple-cto-wants-hodlers-to-reduce-crypto-exposure-by-offloading-some","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ripple-cto-wants-hodlers-to-reduce-crypto-exposure-by-offloading-some","title":{"rendered":"Ripple CTO Wants Hodlers To Reduce Crypto Exposure By Offloading Some"},"content":{"rendered":"

Ripple\u2019s Chief Technology Officer (CTO), David Schwartz, has urged cryptocurrency holders to consider selling some amounts of their cryptocurrencies to minimize risk. <\/span>Schwartz <\/span>sounded<\/span><\/a> the note of warning on Twitter.\u00a0<\/span><\/p>\n

Reduce Your Risk and Exposure<\/b><\/h2>\n

The remark by the CTO of Ripple, David Schwartz, that holders should sell part of their cryptocurrencies took many crypto holders by surprise.<\/span><\/p>\n

Meanwhile, Schwartz clarified that his advice does not constitute a prediction of the cryptocurrency marketplace.\u00a0<\/span><\/p>\n

He emphasizes that those with life-changing cryptocurrency volumes should consider selling part of it to minimize loss.\u00a0<\/span><\/p>\n

This comes amid a bullish run for Ripple\u2019s token, XRP.\u00a0<\/span><\/p>\n

XRP recorded a 30% surge in the past week.\u00a0<\/span><\/p>\n

Simultaneously, several cryptocurrencies like Bitcoin, Ethereum, and meme-focused cryptocurrency Dogecoin recently recorded new All-Time Highs (ATHs), respectively.<\/span><\/p>\n

He recounted how he adhered to his recent advice in the past. Schwartz revealed that he sold $42,000 worth of Ethereum before the cryptocurrency peaked in 2019 to purchase solar panels.<\/span><\/p>\n

While he later regretted the action in his subsequent tweets, he insisted that one needs to convert part of his\/her personal gain into something stable, particularly when investing in volatile assets like cryptocurrency.<\/span><\/p>\n

Given that Ripple\u2019s XRP is currently locking horns with the Securities and Exchange Commission (SEC) in a $1.3 billion lawsuit, analysts appear to be wary of Schwartz\u2019s statement.<\/span><\/p>\n

SEC Lawsuit Against Ripple Takes New Dimension<\/b><\/h2>\n

The <\/span>SEC<\/span><\/a> alleges that Ripple Lab sold its XRP token as unregistered security from 2013 to 2018. Lately, however, the case has taken a new dimension in court.<\/span><\/p>\n

Judge Sarah Netburn <\/span>pronounced<\/span><\/a> last week Friday that the SEC has no right to demand personal financial data belonging to Ripple\u2019s Brad Garlinghouse and Chris Larsen.<\/span><\/p>\n

Based on the befitting judgment, Ripple filed a motion on April 12 asking the court to dismiss the SEC lawsuit in all its entirety.\u00a0<\/span><\/p>\n

Reacting to the SEC’s earlier lawsuit, Ripple\u2019s CTO said <\/span>that all the evidence available shows no difference between XRP and Bitcoin.\u00a0<\/span><\/p>\n

He maintains both the cryptocurrency market and Ripple see no difference between the cryptocurrencies; hence, there is no basis for considering it as a security.<\/span><\/p>\n

He further assured XRP holders that there is no cause for alarm, stressing that the lawsuit will not lead to the end of the company’s operation.<\/span><\/p>\n

Also, Schwartz asserts that the governing bodies do not have any legal right to control their ecosystem.\u00a0<\/span><\/p>\n

Meanwhile, XRP has surged in recent days. At press time, it is trading at $1.73, according to <\/span>CoinMarketCap<\/span>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Ripple\u2019s Chief Technology Officer (CTO), David Schwartz, has urged cryptocurrency holders to consider selling some amounts of their cryptocurrencies to minimize risk. Schwartz sounded the […]<\/a><\/div>","protected":false},"author":1770,"featured_media":275280,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[7596],"tags":[7683,5845,11403,5257],"acf":[],"yoast_head":"\nRipple CTO Wants Hodlers To Reduce Crypto Exposure By Offloading Some - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Ripple\u2019s CTO, David Schwartz, has urged cryptocurrency holders to consider selling some amounts of their cryptocurrencies to minimize risk.\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/287116\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple CTO Wants Hodlers To Reduce Crypto Exposure By Offloading Some\" \/>\n<meta property=\"og:description\" content=\"Ripple\u2019s CTO, David Schwartz, has urged cryptocurrency holders to consider selling some amounts of their cryptocurrencies to minimize risk.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-15T08:04:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-24T19:30:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/10\/ripples-david-schwartz.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jimmy Aki\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jimmy Aki\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/287116#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/287116\"},\"author\":{\"name\":\"Jimmy Aki\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad\"},\"headline\":\"Ripple CTO Wants Hodlers To Reduce Crypto Exposure By Offloading Some\",\"datePublished\":\"2021-04-15T08:04:17+00:00\",\"dateModified\":\"2021-07-24T19:30:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/287116\"},\"wordCount\":422,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"keywords\":[\"Brad Garlinghouse\",\"chris larsen\",\"David Schwartz\",\"ripple\"],\"articleSection\":[\"Breaking Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/287116#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/287116#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/287116\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/287116\",\"name\":\"Ripple CTO Wants Hodlers To Reduce Crypto Exposure By Offloading Some - 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