Key Takeaways:
- Ripple CTO David Schwartz will step back from daily duties by year-end and join the company’s board of directors.
- Dennis Jarosch, SVP of Engineering, will take over leadership of Ripple’s tech team.
- XRP rose 1.4% after the announcement, as Ripple continues its political influence via $70M in Fairshake PAC donations.
Ripple’s longtime chief technology officer (CTO) David Schwartz has announced he will step back from daily operations at the end of 2025 after more than 13 years with the company.
Schwartz, a cryptographer who joined Ripple in 2011 and later became CTO in 2018, played a central role in building the XRP Ledger.
As happens in one’s life, I’ve been taking stock of my last 40 years. It’s been a wild ride. I’ve gone from consulting for the NSA to watching the early stages of Bitcoin. Then, I met Arthur, Jed, and Chris and worked on coding the XRP Ledger. Now, I’ve spent more than 13 years…
— David 'JoelKatz' Schwartz (@JoelKatz) September 30, 2025
In a post on X, he said he wanted more time with family and to revisit personal hobbies but stressed he would remain active in the XRP community.
He will hold the honorary title of chief technology officer emeritus and also join Ripple’s board of directors.
Ripple confirmed that Dennis Jarosch, senior vice president of engineering, will assume leadership of the technical team.
CEO Brad Garlinghouse praised Schwartz as a “true OG in crypto.”
Following the news, XRP rose about 1.4%, adding to its $172 billion market cap, ranking as the fourth-largest cryptocurrency.
Ripple has grown globally and was a key contributor to Fairshake, donating around $70 million to U.S. political efforts after its legal battle with the SEC concluded earlier this year.
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