Ripple's CTO Emeritus, David Schwartz, dismissed conspiracy theories about XRP's involvement in secret U.S. government plans, stating no hidden agreements exist. He clarified that Ripple's partnerships with banks are transparent and primarily involve fiat and stablecoins, not XRP.
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David Schwartz, CTO Emeritus of Ripple, issued a direct rebuttal to popular conspiracy theories about "secret plans" by the U.S. government regarding XRP. The situation around XRP has been characterized since 2013 by large-scale theories claiming the token would become the world's reserve currency and connect all banks.
Amid expectations of the final vote on the CLARITY Act and the recent launch of Ripple's national trust bank status, these rumors have resurfaced with renewed intensity.
Schwartz therefore stated clearly that no secret agreements with the government or large hidden plans for XRP within central banks exist, classifying such claims as a "conspiracy theory". Yes, Ripple does have hundreds of secrets, he says, but these are standard non-disclosure agreements required by banking partners to protect commercial interests.
Moreover, Ripple's relationships with banks such as Deutsche Bank and Société Générale are public and transparent, but they use RippleNet infrastructure primarily for messaging or settlements in fiat and stablecoins such as RLUSD, not XRP.
No, I'm saying there are lots of secrets. Many of Ripple's partners insist on NDAs to keep their business secret. I'm saying the conspiracy theories that constantly claim something big is about to happen or that the government is going to do something massive are almost always…
— David 'JoelKatz' Schwartz (@JoelKatz) April 23, 2026
Schwartz also denied rumors about "secret contracts" for pre-allocated XRP from Ripple's escrow accounts, reminding investors that the escrow system is fully transparent and traceable on-chain. Investors whose strategies rely on the assumption that governments are secretly working with Ripple on some hidden plan that will trigger are fooling themselves, as this foundation does not reflect reality, Schwartz concluded.
David Schwartz stated that there are no secret agreements or plans involving XRP with the U.S. government, labeling such claims as conspiracy theories.
Ripple's partnerships with banks like Deutsche Bank and Société Générale are public and focus on messaging and settlements in fiat and stablecoins, not XRP.
The CLARITY Act is expected to be voted on soon, and its outcome could impact regulatory clarity for Ripple and its operations in the U.S.
The Senate Banking Committee will hold a markup hearing for the Digital Asset Market Clarity Act on May 14 at 10:30 a.m. A compromise text addressing stablecoin yield issues has been proposed, but banking groups have raised concerns about it.
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It appears Ripple is seriously concerned about the quality of its investor base. Schwartz explicitly stated that investing based on emotions and searching for "hidden signals" in meeting protocols leads to losses.
Instead of supporting hype, the company is choosing the image of a transparent technology provider. For the 2026 market, where institutions value predictability over speculative spikes, this stance represents an attempt to mature and distance itself from the reputation of a "meme coin for conspiracy believers".