David Vance

<ul class="news-points"> 
 <li><strong>Ripple CTO David Schwartz engaged in a heated conversation with an X user about the pros and cons of XRPL’s proposed clawback feature.</strong></li> 
 <li><strong>Schwartz mentioned that issuers have legal avenues to pursue recovered funds under current rules.</strong></li> 
 <li><strong>He noted that users’ assets are often held in third-party custody, similar to bank accounts, making it a common practice.</strong></li> 
</ul> 
<p>A recent Twitter debate highlighted divided opinions on <a href="https://coinedition.com/tag/ripple-xrp/">Ripple</a>‘s XRP Ledger (XRPL) proposing a new clawback feature. The conversation between Ripple CTO David Schwartz and user Becky’s Robot Dreams about the proposed feature’s pros and cons became heated.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/JoelKatz?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@JoelKatz</a> would rather have an <a href="https://twitter.com/hashtag/XRPL?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#XRPL</a> user pay exorbitant legal fees to recover stolen funds from an issuer clawing back their assets than simply not implementing a Clawback function in the first place. This is an opinion brought to you by a man who just spent millions having… <a href="https://t.co/r1dWCqgL0O" target="_blank" rel="nofollow">https://t.co/r1dWCqgL0O</a></p>— Becky's Robot Dreams 
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   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f438.png" alt="🐸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@grandorganics) <a href="https://twitter.com/grandorganics/status/1709682908292907383?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 4, 2023</a>
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<p>When asked about implementing the clawback feature, Schwartz noted issuers could legally pursue recovered funds in various ways under current rules. He stated users’ assets are often already in thir…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/ripple-cto-sparks-backlash-after-defending-xrpl-clawback/">Ripple CTO Sparks Backlash After Defending XRPL Clawback</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Ripple CTO Sparks Backlash After Defending XRPL Clawback

Coin Edition

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