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Ripple COO Stuart Alderoty explains why XRP does not have a CEO  XRP has no CEO； Ripple COO Stuart Alderoty explained the reasoning behind this. XRP should not be confused with Ripple, which has a CEO, as they are two different entities. Ripple is a payments solutions company whose CEO is Brad Garlinghouse, and XRP is the digital asset of XRP Ledger, an open source, permissionless and decentralized blockchain network launched in 2012. Ripple CLO responded to a tweet from the National Cryptocurrency Association that affirmed the statement that Bitcoin does not have a CEO as true, adding that this highlights the independence and neutrality of the open blockchain. While this doesn’t only apply to Bitcoin, cryptocurrencies such as Ethereum, XRP, Solana, and Cardano all run on public and permissionless networks, meaning anyone can build on top of them, and none of them have a CEO. XRP was launched by David Schwartz, Jed McCaleb and Arthur Britto in June 2012 after the code development and XRP ledger were completed. After the XRP Ledger went live, 80% of XRP was given away to a new company dedicated to building use cases for it — initially named NewCoin, soon after OpenCoin, and now Ripple. XRP Has No CEO Ripple Chief Legal Officer Stuart Alderoty confirmed that Bitcoin does not have a CEO, and neither do other cryptocurrencies such as XRP, which is consistent with a tweet from the National Cryptocurrency Association, who stated: “Yes, Bitcoin does not have a CEO, but that is not an ideology. This is the basic design of all open, permissionless tokens. ” What he means is that the phrase "no CEO" has nothing to do with ideology, but rather the basic design of all open, permissionless tokens. Alderoty explained that open and permissionless networks do not require a CEO, while emphasizing that this point is helpful because it reminds policymakers and the public that truly open and public cryptographic networks are not centrally managed. However, Ripple CLO noted that treating the “CEO-less” view as unique to Bitcoin can be misleading and potentially undermine good policy.  |
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