Ripple CTO Criticizes Federal Reserve’s Action Against United Texas Bank Over Crypto
David Schwartz, Ripple’s Chief Technology Officer (CTO) and a key figure behind the XRP Ledger and XRP token, recently criticized the U.S. Federal Reserve for its sanctions on United Texas Bank. The bank, a member of the Federal Reserve System, faced a “cease and desist” order from the Fed over its involvement with cryptocurrency users. […]