In a series of posts on social media platform X, David Schwartz, Chief Technology Officer at Ripple, expressed strong opinions on the Republican Party’s stance against Central Bank Digital Currencies (CBDCs). The conversation began when Schwartz shared a screenshot from the GOP platform. It underscored the party’s commitment to ending what they termed the Democrats’ “unlawful and unAmerican crypto crackdown” and their opposition to CBDCs.
Ripple Disagrees With Anti-CBDC Campaign
The conversation took a deeper turn when another user questioned whether the Republican Party’s anti-CBDC stance might negatively impact Ripple’s work, especially in the event of a Trump administration targeting CBDCs. Ripple CTO deemed Republicans’ anti-CBDC move as “crazy.”
Schwartz responded decisively, “I don’t think so. I don’t think being anti-CBDC is a good thing. They are a form of innovation and so long as they have to compete in a fair market, I think it’s crazy to oppose t
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