News View Non-AMP

Ripple News: XRP Holders Unable to Sell? CTO David Schwartz Offers Options

Published by
Elena R

Ripple’s XRP is currently facing hurdles, as revealed by David Schwartz, Ripple’s Chief Technology Officer (CTO). Schwartz recently pointed out a tough reality: selling XRP is almost unavoidable due to tax complications. Adding to the pressure are the departure of Dev Null Productions and controversies surrounding XRPL.

Can XRP stay strong amid these challenges? Despite legal battles and SEC fines, XRP remains resilient.

Let’s explore Schwartz’s insights into the ongoing debate over XRP’s selling spree.

The Issue of Tax Challenges

Schwartz has recently addressed the challenge faced by XRP holders when it comes to selling their coins. According to Schwartz, it’s extremely difficult for XRP holders to avoid selling their holdings, especially when considering tax obligations. He emphasized that even if individuals want to continue holding XRP, they may still need to sell a portion of their holdings to cover taxes.

Schwartz’s comments come at a time of worry within the XRP community. Dev Null Productions’ exit, a long-time contributor to XRP, has caused concern. They cited loss of faith in Ripple’s leadership and criticized the company for prioritizing selling XRP over small investors’ interests. Additionally, they criticized the XRPL Foundation’s actions, accusing them of neglecting collective interests for personal gains.

Also Read: Ripple Price Prediction: XRP Price Set for 89% Spike

Stay Cautious, Folks!

Schwartz also discussed a proposal to integrate XRP into automatic market maker (AMM) pools. He explained that to do so, XRP must be paired with another asset, requiring the sale of half of the XRP. Schwartz also warned about potential tax implications, stressing the taxable nature of such transactions.

Schwartz’s insights shed light on the challenges faced by XRP holders, from tax obligations to regulatory uncertainties. Despite these obstacles, XRP’s resilience remains evident.

Read More: Decrypting Ripple vs SEC: Pro-XRP Attorney Breaks Down SEC’s $480M Claim

  • XRP: Time to hold or time to fold? Let’s hear your strategy!
Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Congress Struggles to Meet Trump’s August Deadline for U.S. Crypto Regulation

As lawmakers return to Capitol Hill after a two-week recess, crypto legislation is at the…

April 28, 2025

Coinbase Pushes SEC to Lift Crypto Ban on Staff for Effective Regulation

Coinbase is requesting the SEC to remove the ban on staff buying, selling, or using…

April 28, 2025

Melania Meme Token Team Quietly Sells $1.5M—Is More Selling Coming Soon?

Official Melania Meme token (MELANIA) has been making waves lately as its team quietly cashes…

April 28, 2025

Top Crypto-Tax Free Countries to Maximize Your Gains in 2025

As crypto prices soar in 2025, many investors are eager to cash out without handing…

April 28, 2025

Strategy Acquires 15,355 BTC, Achieves 13.7% Yield in 2025

As of April 27, 2025, Strategy has acquired 15,355 BTC for approximately $1.42 billion, at…

April 28, 2025

Coinbase Launches Bitcoin Yield Fund for Institutions

Coinbase Asset Management is set to launch the Coinbase Bitcoin Yield Fund on May 1.…

April 28, 2025