Ripple Proposes Clawback Amendment To XRP Ledger For Regulators
In a bid to bolster trust and safety, Ripple’s developer arm, RippleX, has proposed a significant amendment to the XRP Ledger (XRPL). The feature, aptly named “Clawback,” is designed to provide issuers with enhanced control over their distributed assets, addressing both regulatory requirements and unforeseen challenges. Understanding The Clawback Feature By Ripple Shawn Xie, representing […]
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Ripple’s Chief Technology Officer (CTO), David Schwartz, has always been quick to come to the defense of the crypto firm and its technology. This time, he has defended Ripple developers implementing a newly proposed ‘Clawback’ feature on the XRP Ledger (XRPL). Why The Clawback Feature Is Necessary In a tweet shared on his X (formerly Twitter) platform, Schwartz mentioned that while initially having reservations about the feature as he felt it was “redundant,” he later realized its importance as it differed from the existing freeze feature. The “clawback” amendment is now....
Ripple says it is tightening the XRP Ledger amendment process after a critical flaw was found in the proposed Batch amendment (XLS-56), an incident that exposed gaps in review even as the network’s last-resort safeguards prevented any mainnet impact. In a post on X, RippleX Head of Engineering J. Ayo Akinyele said the bug was […]
Digital asset expert and XRP enthusiast WrathofKahneman has come out to debunk claims of a new backdoor in the XRP Ledger and its effect on the XRP price. This comes in light of a rumor circulating about “secret amendments” in the XRPL. Ripple, the company behind XRP, recently introduced a “Clawback” amendment to the XRP […]
The RippleX team, Ripple Labs’ development arm, yesterday shed light on a new feature proposal, the “Clawback” for the XRP Ledger (XRPL). As the crypto space awaits the potential inclusion of this feature in the rippled 1.12.0 release, the blockchain community has set its eyes on how this addition might reshape asset controls on the […]
Ripple says it is overhauling how security is handled on the XRP Ledger, adding AI-assisted testing, a dedicated red team, stricter amendment review standards, and a broader push to modernize parts of the codebase. Notably, Ripple is explicitly tying XRPL’s next phase of security work to its ambitions in global payments, tokenized assets, and institutional […]