A recently resurfaced court document from the SEC’s lawsuit against Ripple has revealed that Ripple’s Chief Technology Officer, David Schwartz, suggested that the creator of Bitcoin, known under the pseudonym Satoshi Nakamoto, likely owned a substantial amount of XRP. This assertion was made during Schwartz’s deposition filed in 2023, as part of the ongoing legal proceedings brought by the United States Securities and Exchange Commission against Ripple Labs. The deposition transcript, shared online by the X account XrpHodL, includes Schwartz’s comments on how Ripple’s management of XRP compares to the distribution of Bitcoin. He pointed to Ripple’s operational control of XRP as a competitive advantage in building a payments ecosystem. On the topic of Bitcoin’s distribution, he acknowledged it is much harder to track due to its decentralized nature. Nonetheless, he stated: “Satoshi, the original Bitcoin creator, probably held an enormous amount of XRP at the time.” When asked what time, he said “2017”. Schwartz noted that Ripple deliberately focused on building infrastructure and utility around XRP as part of its payment solutions, while no comparable development efforts were undertaken for Bitcoin. According to him, the company’s ability to influence XRP’s ecosystem distinguished it from Bitcoin, whose distribution and control remain opaque. His deposition emphasized that Ripple’s direct role in XRP’s adoption set it apart from Bitcoin’s purely decentralized approach. David Schwartz said Satoshi holds $XRP … LINK TO COURT CASE PDF BELOW https://t.co/NgaHK0tbyE pic.twitter.com/0UH4Sc1QPK — (@XrpHodL_) July 4, 2025 We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Speculation Linking Schwartz and Nakamoto Schwartz’s statement that Satoshi “probably held an enormous amount of XRP” points to a possible connection between him and Bitcoin’s pseudonymous creator. Although Schwartz has never claimed to be Nakamoto, various coincidences in the history of cryptocurrency development have fueled rumors. Observers have previously noted that the timeline of XRP Ledger’s development and Satoshi Nakamoto’s withdrawal from Bitcoin appear to align. Nakamoto announced his intent to “move on to other things” in 2011, which is also the year Schwartz began to publicly express interest in working on new projects. Further adding to this speculation is the fact that Schwartz, alongside Arthur Britto and Jed McCaleb, initiated development of the XRP Ledger shortly thereafter, which culminated in its 2012 launch. Ripple adopted the XRP Ledger as the foundation of its blockchain-based payment platform. No Evidence Confirms Schwartz as Satoshi Nakamoto Despite these observations and Schwartz’s comment on Satoshi’s supposed XRP holdings, there is no evidence confirming that Schwartz is the individual behind the Nakamoto pseudonym. His statement during the deposition has nonetheless added to the ongoing curiosity about the identity of Bitcoin’s creator and their potential involvement in other blockchain projects. While Schwartz’s remarks offer insight into how Ripple viewed its role in XRP’s development relative to Bitcoin’s trajectory, they remain speculative regarding Nakamoto’s holdings or identity. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple CTO Says Bitcoin Creator Likely Holds Huge Amount of XRP, Court Document Reveals appeared first on Times Tabloid .
