Ripple CTO Says Satoshi May Have Held Large XRP Holdings in 2017

Ripple CTO David Schwartz told a court that Satoshi Nakamoto might have held large XRP holdings around 2017.

Schwartz's comment came during a 2023 SEC hearing related to Ripple’s blockchain and its differences from Bitcoin.

A resurfaced transcript has reignited public interest in Satoshi’s identity and potential XRP connections.

A recently surfaced court document has reignited debate about the identity and digital asset holdings of Bitcoin's anonymous creator, Satoshi Nakamoto. Screenshots of a 2023 court stenograph in the SEC v. Ripple case, shared by X user @XrpHodL_, show Ripple CTO David Schwartz making a statement that suggests Satoshi may have held a substantial amount of XRP.

While responding to a question regarding similarities between Bitcoin and Ripple’s XRP Ledger during a court session, Schwartz gave a surprising reply. He said, “Toshi, the original creator, probably held an enormous amount of XRP at that time.” The reference to “that time” was clarified as the year 2017, which was both unexpected and intriguing for those familiar with the long-standing Bitcoin versus XRP narrative.

Ripple CTO’s Past Ties to Bitcoin Code

David Schwartz, who is one of the original architects behind the XRP Ledger and now serves as Ripple’s Chief Technology Officer, has previously disclosed his work on Bitcoin’s early code. Although he has denied being Satoshi Nakamoto, his name has frequently appeared in discussions about possible individuals behind the Bitcoin pseudonym. His technical background and involvement in early blockchain development have often drawn comparisons to other early crypto pioneers like Hal Finney and Adam Back.

The statement made by Schwartz was brought back to focus with another post by X user Tiffany Hayden after the revelation. She alluded to the fact that no one previously observed the connection and alluded to the fact that Schwartz himself could be Satoshi. Ripple's CTO did not comment publicly on the particular allegation in the given thread.

Even with repetitive denials by Schwartz and other people mentioned in Satoshi's speculations, the reemerging paper has given another dimension to people still trying to clear the mystery. The speculation that Nakamoto could have had other cryptocurrencies, including XRP, questions the long-standing disbelief that the holdings of the latter are confined to Bitcoin.

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