Cyber Capital founder Justin Bons said selling XRP to retail investors as decentralized is outright fraud. According to NS3.AI, Ripple CTO Emeritus David Schwartz rejected Bons's view, arguing that validator lists do not provide real governance control.

Ripple-backed XRP treasury company Evernorth expects to close its merger with Armada Acquisition Corp. II and has scheduled its Nasdaq debut under XRPN for Monday, October 12. Evernorth holds about 473 million XRP tokens and would become the largest public pure-play XRP vehicle if the listing proceeds.