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David Schwartz disclosed that he sold approximately 2.5 million XRP in 2025 and responded to sell-off criticisms by citing tax obligations.
According to U.Today, David Schwartz, co-creator of the XRP Ledger and Ripple's Chief Technology Officer Emeritus, stated that he sold approximately 2.5 million XRP in 2025, with almost all of it originating from his 2020 and 2023 work bonuses. He also responded to questions regarding his XRP sales by noting that he has paid $1.7 million in capital gains tax.
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