Funding
David Schwartz Confirms XRP Sales and Tax Payments
David Schwartz, former Ripple Chief Technology Officer, has confirmed selling approximately 2.5 million XRP in 2025 and paying around $1.7 million in capital gains tax. He explained his selling strategy, efforts to avoid conflicts involving non-public information, and his preference for reducing financial risk. Schwartz has also disclosed his declining XRP holdings from a high of about 26 million to about 3 million.