- Ripple CTO David Schwartz engaged in a heated conversation with an X user about the pros and cons of XRPL’s proposed clawback feature.
- Schwartz mentioned that issuers have legal avenues to pursue recovered funds under current rules.
- He noted that users’ assets are often held in third-party custody, similar to bank accounts, making it a common practice.
A recent Twitter debate highlighted divided opinions on Ripple‘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.
@JoelKatz would rather have an #XRPL 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… https://t.co/r1dWCqgL0O— Becky's Robot Dreams (@grandorganics) October 4, 2023
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…
The post Ripple CTO Sparks Backlash After Defending XRPL Clawback appeared first on Coin Edition.