According to the source, Ripple CTO David Schwartz will step back and remain on the board as CTO Emeritus, as stated in a social media post dated Oct 1, 2025. According to the source, this indicates a role transition while maintaining involvement at Ripple. According to the source, no additional details on the transition timeline, successor, or product impact were provided.

According to @kwok_phil, the XRP Las Vegas 2025 event featured notable personal insights from Ripple CTO David Schwartz (@JoelKatz), including discussions about his public persona and unique traits. While no direct market-moving announcements were made, the event reinforced strong community engagement and positive sentiment around the XRP ecosystem, which is often interpreted by traders as an indicator of increased retail participation and potential for higher trading volumes in the short term (source: @kwok_phil, June 2, 2025).