---
title: "Ripple Could Have Sold as Much XRP as It Wanted, CTO Says"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/270770869.md"
description: "Ripple CTO David Schwartz clarified that the escrow system prevented Ripple from selling unlimited XRP monthly, a decision he opposed for operational flexibility. The escrow, established in 2017, locked 55 billion XRP to release 1 billion monthly, aiming for market predictability. Schwartz's revelation contradicts the narrative that Ripple execs favored the escrow, highlighting its restrictive nature and its impact on XRP's current price."
datetime: "2025-12-25T05:27:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270770869.md)
  - [en](https://longbridge.com/en/news/270770869.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270770869.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/270770869.md) | [English](https://longbridge.com/en/news/270770869.md)


# Ripple Could Have Sold as Much XRP as It Wanted, CTO Says

In a recent social media post, Ripple CTO David Schwartz clarified that the establishment of the escrow actually prevented Ripple from selling as much XRP as it wanted.

"Before the escrow, Ripple could have sold as much XRP as it wanted every month."

> Before the escrow, Ripple could have sold as much XRP as it wanted every month. And I opposed the decision to implement the escrow precisely because I didn't see enough upside to justify giving up that flexibility.
> 
> Dec 25, 2025

This comes after a user stated that Schwartz established the Ripple Escrow system to systematically dump 1 billion XRP onto the market every month to "fund his career" at the expense of retail investors.

**Defending Musk's taxes**

The conversation starts with a defense of Elon Musk, pivots to an attack on Ripple's XRP sales, and culminates in a surprising revelation about the history of Ripple's famous Escrow.

The conversation begins with Schwartz correcting a common misconception regarding billionaires and taxes.

The critic argues Musk's tax rate is low (1.43%) because they are comparing his tax bill ($10B) to his total wealth ($700 billion).

However, you are taxed on what you earn or sell, not on what you own. If Musk doesn't sell his stock, he hasn't "earned" that money in a taxable sense yet. Hence, you cannot tax unrealized gains as if they were cash in a bank account.

**The surprise**

In 2017, Ripple locked 55 billion XRP into a series of escrows to release 1 billion per month. This was marketed as a way to create predictability and certainty for investors.

The escrow was a restriction. Before 2017, Ripple had total access to their holdings and could have sold more than 1 billion a month if it chose.

Schwartz reveals he actually voted against the escrow. Why? He valued operational flexibility. He didn't think the "upside" was worth the "downside" (Ripple losing the ability to access their capital freely). This contradicts the narrative that Ripple execs love the escrow.

Moreover, the Ripple CTO has opined that traders have already adjusted the price of XRP today to account for those future sales.

"And if you think about it, everything people know will happen and expect to happen should already be built into the current price," he said.

## 相關資訊與研究

- [12:30 ETLOUISIANA FISH FRY LAUNCHES NEW VIDEO SERIES WITH EMERIL LAGASSE AND TROMBONE SHORTY CELEBRATING CAJUN FLAVOR](https://longbridge.com/zh-HK/news/281652235.md)
- [Trump weighs broader cabinet shake-up as Iran war pressure grows](https://longbridge.com/zh-HK/news/281681817.md)
- [11:00 ETUncertainty and caution apparent in new tech employment data, CompTIA analysis finds](https://longbridge.com/zh-HK/news/281648041.md)
- [Omeros Turns Corner With Novo Deal, YARTEMLEA Launch](https://longbridge.com/zh-HK/news/281666535.md)
- [SpaceX IPO: Will It Be a Buy or a Bust?](https://longbridge.com/zh-HK/news/281674034.md)