Jed McCaleb, one of Ripple's co-founders, has publicly addressed concerns regarding his past XRP sales, denying any intent to harm investors.
XRP Sales and Legal Agreements
McCaleb received 9 billion XRP as part of the company's initial allocation in 2012. After disagreements with Ripple, he founded Stellar, a competing blockchain platform. In 2014, he reached an agreement with Ripple limiting his ability to sell XRP. Despite the constraints, he eventually liquidated his holdings and exhausted his XRP reserves in 2022.
McCaleb’s Position on XRP Promotion
McCaleb asserts that he never actively promoted XRP as an investment, which may have spared him from regulatory scrutiny by the SEC. This stance contrasts with the SEC’s allegations against Ripple for marketing XRP as an unregistered security.
From Cryptocurrency to Space Exploration
Over the years, McCaleb has amassed significant wealth from the cryptocurrency industry, which he is now channeling into the development of a commercial space station. This move marks his transition from cryptocurrency entrepreneurship to space exploration.
Jed McCaleb continues to assert that transparency guided his actions. Currently, his focus is on space technology, even as discussions about Ripple's future remain ongoing.
