Ripple CTO Encourages Followers To Vote For New Clawback Feature

• Ripple’s CTO is encouraging his X followers to vote for a new “clawback” amendment.
• The clawback feature is set to expand the token asset control capabilities of the XRP Ledger.
• David Schwartz explained that the clawback feature would be helpful during legal obligations.

On October 2, Ripple’s Chief Technology Officer, David Schwartz posted on X (formerly Twitter) about a “clawback” feature on blockchains with stablecoins, that restricts users interested in interacting with stablecoins on XRPL from developing “different processes and procedures to do so.” He further explains that not employing the feature can pose a significant challenge for auditors and other institutions that cannot easily implement new procedures without encountering substantial friction.

Oh, one last thought: Other blockchains that have stablecoins on them have some version of this clawback feature. So even if it's not strictly necessary, not having it means everyone who wants to interact with stablecoins on XRPL has to develop different processes and procedures…

— David "JoelKatz" Schwartz (@JoelKatz) October 2, 2023

Ripple has recently announced the Clawback featur…

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