David Schwartz, Ripple's Chief Technology Officer Emeritus, posted a direct rebuttal to the popular conspiracy theory about a "secret plan" by the U.S. government regarding XRP. Since 2013, various theories have circulated about XRP, claiming the token would become the world’s reserve currency and connect all banks.
As expectations grow for the final vote on the CLARITY Act and the recent launch of Ripple’s national trust bank status, these rumors have resurfaced and intensified.
What is really hidden behind Ripple's non-disclosure agreement?
Therefore, Schwartz explicitly stated that there are no secret agreements with the government and no major secret plans within the central bank regarding XRP, dismissing such claims as “conspiracy theories.” He acknowledged that Ripple does have hundreds of secrets, but these are standard confidentiality agreements signed by banking partners to protect their business interests.
In addition, Ripple’s relationships with banks such as Deutsche Bank and Société Générale are publicly transparent, but these institutions primarily use the RippleNet infrastructure for information transfer or settlement of fiat currencies and stablecoins (e.g., the Chinese yuan). RLUSD, not XRP
No, what I mean is there are many secrets. Many of Ripple’s partners insist on signing nondisclosure agreements to ensure their trade secrets are protected. What I mean is, those conspiracy theories claiming that something big is about to happen or that the government will take major action are almost always...
— David 'JoelKatz' Schwartz (@JoelKatz)April 23, 2026
Schwartz also denied rumors of a "secret contract" regarding pre-allocated XRP in Ripple's custodial accounts, reminding investors that the custodial system is fully transparent and traceable on-chain. Investors whose strategies rely on the notion of a secret agreement between the government and Ripple may be setting themselves up for unexpected outcomes. XRP explosion Schwartz concluded that they are all deluding themselves, as this foundation does not reflect reality.
It appears that Ripple is highly focused on the quality of its investor base. Schwartz explicitly stated that investing based on emotions and searching for "hidden signals" in meeting transcripts leads to losses.
The company has chosen to cultivate an image as a transparent technology provider rather than fueling hype. For the 2026 market, institutional investors prioritize predictability over speculative volatility—a stance that reflects the company’s effort to mature and shed its reputation as a “conspiracy theorists’ meme coin.”