Holding money at regulated banks does not shield from all risks, David Schwartz notes

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02.08.2026

Holding money at regulated banks does not shield from all risks, David Schwartz notes — Regulated banks only protect against failure risk

David Schwartz, chief technology officer at Ripple Labs (XRP), challenges the notion that holding funds at a regulated bank offers additional protection from threats except in the case of bank failure.

He emphasizes that such accounts are not safeguarded against risks other than the possibility of the bank itself failing.

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Schwartz has previously commented on potential scenarios for XRP token holders. In a past statement, he argued that actions leading to lower XRP prices might allow token holders to acquire tokens at reduced cost, potentially benefiting them in the long term. Further details on his perspective are available in this previous article.

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