Ripple’s Ex-CTO Switched His Profile Picture to an XRPL Meme Coin
Summary
David Schwartz, Ripple’s CTO Emeritus, has sparked controversy by updating his X profile picture to a character associated with FUZZY, a meme coin on the XRP Ledger. This move is being scrutinized because Schwartz previously criticized speculative meme coin investing as distasteful. While he previously claimed that opening a technical "trust line" for the coin was not an endorsement, critics argue that changing a profile picture is a deliberate act that creates market influence and potential risk for retail investors.
(Source:BeInCrypto)