XRP Ledger creator David Schwartz leaves Ripple
XRP Ledger co-creator David “Joel Katz” Schwartz is stepping back from day-to-day CTO duties at Ripple after 13 years. He offered few details beyond wanting more family time, and said he’ll keep running an XRPL node and exploring non-Ripple use cases – closing on an upbeat note rather than rehashing missed gains or XRP’s bank-adoption woes. Notably, the announcement landed a day after Swift unveiled a Consensys-backed blockchain ledger – another sign banks are modernizing rails without leaning on XRP. Read more →
BTC soars past $117k as the US government shuts down
Bitcoin prices are up nearly 4% in the past 24 hours as Democrats and Republicans are at odds over how to fund the government. Good news: The governments inability to manage it’s own finances is yet another reminder of why we own bitcoin. Bad news: Important crypto policy goals and new ETF listings will pause until things come back online. Read more →
Good News for DATs
The Treasury is set to soften its Biden-era CAMT proposal that would’ve taxed unrealized crypto gains – fixing a quirk where FASB mark-to-market rules made bitcoin holdings taxable on “paper profits” while stocks were exempt. The potential multi-billion dollar bill without selling a coin overhang is now gone for companies like Strategy who has more than $26 billion in “paper” gains. MSTR prices are up ~6% so far today. Read more →
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