Ripple CTO states the company will prioritize its own interests, implying it has the right to sell XRP to raise operating funds

TechFlow reports, on March 5, according to Cointelegraph, Ripple's Chief Technology Officer David "JoelKatz" Schwartz recently stated on social media: "Ripple can, will, and should act in its own best interest. Investors should not expect Ripple to benefit them at the expense of the company and its shareholders." This suggests that Ripple has the right to sell XRP tokens to raise operating funds, sparking concerns among cryptocurrency investors.

The comment was in response to criticism from Pierre Rochard, Vice President of Research at Riot Platforms, who warned investors: "You haven't invested in Ripple; you've just acquired a token created out of thin air. XRP isn't a security because Ripple doesn't actually owe you 'utility' or anything else."

Previous report, ZachXBT disclosed on his personal channel that Ripple co-founder Chris Larsen still holds over 2.7 billion XRP, worth approximately $7.18 billion.