Ripple's Schwartz: XRP Has No Issuer
Analysis
Price Impact
LowThe news clarifies an existing fundamental technical characteristic of native xrp – its lack of an issuer and thus no 'clawback' mechanism. this is not a new development but a reinforcement of its censorship-resistant nature. while positive for decentralization, it's unlikely to cause significant short-term price movements as it simply reiterates known technical facts.
Trustworthiness
HighThe statement comes directly from david schwartz, ripple cto emeritus and a primary architect of the xrp ledger, making it an authoritative and highly reliable source on xrp's technical specifications.
Price Direction
NeutralThe clarification on xrp's immutability and censorship resistance, while fundamentally positive for its decentralized ethos, does not introduce new catalysts for price appreciation or depreciation. it confirms a long-standing characteristic, hence a neutral short-term price direction is most likely. it may subtly reinforce confidence for long-term holders valuing decentralization.
Time Effect
LongThis clarification reinforces xrp's fundamental design principles, particularly its censorship resistance. such core properties contribute to long-term investor perception and trust rather than triggering immediate price volatility. it solidifies its position as a decentralized asset for those who prioritize that feature.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News The scam victim XRP has no issuer Advertisement Ripple CTO Emeritus David Schwartz has made a fresh statement regarding the recoverability of stolen funds on the XRP Ledger. Schwartz has shut down the hopes that the network's "Clawback" feature could be used to reverse illicit transactions involving native XRP. The clarification came in the wake of a high-profile security breach targeting the GTF and Apex communities. HOT Stories Ripple's Schwartz: XRP Has No Issuer Morning Crypto Report: Binance Lists New XRP Pair, Bitcoin Cash (BCH) Maintains Top 10 Spot as 'Bitcoin Without Saylor,' Cardano's Hoskinson Sets 3 'Anti-Cynicism' Criteria for New Projects The scam victim The incident began when the X account of the Global Trade Finance (GTF) aggregator alerted the community that their VC wallet had been compromised by a "fake NFT offer" and "XRP Voucher Scam." Advertisement The breach reportedly affected the project's second-largest Liquidity Pool (LP) holder. "The space is increasingly becoming unsafe. Can somebody escalate this to @JoelKatz?" the account pleaded. You Might Also Like Fri, 02/13/2026 - 10:58 Ripple President Reacts as Big Institutional Player Aviva Investors Moves Funds onto XRPL By Yuri Molchan Advertisement One user suggested a potential lifeline: the XRP Ledger's controversial "Clawback" amendment. "I thought there was a clawback mechanism for XRP. Praying you get back all your funds!" the user wrote. XRP has no issuer Schwartz quickly intervened to clarify that XRP has no issuer. "Nope. Assets can only be clawed back by their issuer, and XRP has no issuer," he stated on X. Most tokens on the XRPL (such as stablecoins like RLUSD, wrapped Bitcoin, or meme tokens) are "issued assets." They are created by a specific wallet address.A user must extend a "trustline" to the issuer in order to be able to hold these tokens. If the issuer enables the "clawback" setting (introduced via amendment XLS-39), they retain the ability to forcibly retrieve tokens from a user's wallet. This is designed for regulated assets of the likes of stablecoins to freeze funds or reverse a fraudulent transaction. XRP is the only asset on the ledger that is not issued by an account. There is no "Issuer Account" with the cryptographic keys required to execute a clawback command. This helps to ensure that XRP is censorship-resistant. #Ripple News