Schwartz attributed the reductions to his preference for limiting financial risk. He said he had not purchased XRP for a long time despite maintaining close ties with Ripple.
“I haven't bought XRP in a long time. I am very uncomfortable with risk and have sold nearly all of the digital assets I've ever held,” he wrote. His comments follow a July disclosure about past cryptocurrency sales. At the time, Schwartz acknowledged regretting his decisions to sell XRP near USD 0.10 and Ethereum around USD 1.
He explained that he and his wife had agreed to sell cryptocurrency whenever prices reached new record highs. Nevertheless, he maintained that his approach reflected his personal attitude toward financial risk.
Schwartz also explained how he handles XRP transactions. He said he prepares written selling plans with an attorney at least 30 days before executing trades. The arrangement aims to prevent accusations that he uses confidential information, including knowledge of potential XRP Ledger software problems, when selling tokens.
