Here Are 3 Events That Left XRP Holders Furious This Week

Crypto commentator Jfab has highlighted several events that have made the XRP community “furious” this week.

This week began with several investors excited about October, which has historically been associated with sharp price spikes. While optimism was running high among crypto traders who were hopeful for another round of substantial gains, the enthusiastic mood quickly turned sour for some XRP holders.

Events That Made XRP Holders Furious This Week

In an X post, crypto commentator Jfab highlighted a few developments that he believes have left XRP holders furious.

With SWIFT instead unveiling its own blockchain ledger and extending its partnership with Chainlink, Jfab emphasized that several XRP community members are furious with the development.

David Schwartz Steps Down as Ripple CTO

Notably, Jfab highlighted David Schwartz’s resignation as Ripple CTO as another event that left many XRP holders frustrated. On September 30, Schwartz disclosed that he would step down as Ripple’s CTO by the end of the year and would join the company’s board as Emeritus CTO.

As happens in one’s life, I’ve been taking stock of my last 40 years. It’s been a wild ride. I’ve gone from consulting for the NSA to watching the early stages of Bitcoin. Then, I met Arthur, Jed, and Chris and worked on coding the XRP Ledger. Now, I’ve spent more than 13 years…

— David ‘JoelKatz’ Schwartz (@JoelKatz) September 30, 2025

His resignation left many XRP holders stunned, given his longstanding relationship with the community. As a co-founder of the XRP Ledger (XRPL), the technology behind XRP, he has consistently engaged with community members and often stood alongside them to counter negative narratives about the ecosystem.

For example, in August, when Custodia Bank CEO Caitlin Long claimed that banks avoid XRPL and XRP over centralization concerns, Schwartz requested a discussion to challenge her assertion by providing relevant facts.

Although Schwartz will still engage with the community as an Emeritus CTO, Jfab believes the XRP Army is furious with the latest move.

XRP ETF Approval Could Be Delayed

To add to the unease, reports of a potential prolonged U.S. government shutdown have stirred fresh anxiety. Nate Geraci, the President of NovaDius Wealth Management, emphasized that a prolonged shutdown could stall the approval process for multiple crypto ETFs, including those focusing on XRP.

His assertion follows a recent SEC announcement confirming that the agency will not approve new financial products during a government shutdown.

Many enthusiasts had anticipated that the SEC would greenlight ETFs tied to XRP this month, viewing such approval as a catalyst for mainstream adoption and price growth.

However, with reports suggesting a prolonged shutdown may be imminent after lawmakers failed to reach a funding agreement, the SEC’s final decision on XRP ETFs could face significant delays.