Inside The Viral 2026 Resurgence Of Ripple's 'Hypothetical' Listing Fee Story

Benzinga and Yahoo Finance LLC whitethorn gain committee oregon gross connected immoderate items done the links below.

Ripple CTO David Schwartz told a “completely made up, hypothetical story” successful 2023 wherever an unnamed speech demanded millions of dollars to database XRP, with the token aboriginal accounting for 20% of the exchange’s gross aft Ripple struck a deal.

In May 2023, Schwartz posted a cryptic tweet saying the communicative of Coinbase listing XRP was “the lone communicative I astir privation I could archer that I can’t.”

A period later, helium followed up with a disclaimer that helium was astir to archer a “completely made up, hypothetical story” wherever immoderate resemblance to existent exchanges was “entirely coincidental.”

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In his hypothetical, an unnamed speech refuses to database XRP adjacent though doing truthful would intelligibly payment their business.

Instead, they attack Ripple, demanding millions of dollars arsenic a listing fee. Ripple refuses, and months spell by astatine a deadlock.

The speech adjacent privately admits that they would person listed XRP agelong agone if Ripple simply didn’t beryllium arsenic a company.

Eventually, a woody gets struck. Ripple pays. XRP gets listed. Almost immediately, XRP trading accounts for 20% of the exchange’s revenue, proving the token was ever going to beryllium a money-maker.

Schwartz was not celebrating this outcome. His constituent was that Ripple fundamentally had to wage wealth conscionable to halt their ain beingness from being utilized arsenic an excuse to artifact XRP from the market.

He framed it arsenic harm control, penning “we paid wealth to not fto our beingness wounded the ecosystem.”

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The deeper vexation centered connected the SEC lawsuit.

Schwartz noted that a litigation adversary was cherry-picking these precise facts to reason that Ripple was paying exchanges to artificially pump XRP adoption and liquidity, a framing helium recovered profoundly unfair and misleading.