Crypto

David Schwartz Reveals $1.7 Million Tax Bill on XRP Sales

Guavy AI Editorial Team Published November 10, 2026

Instruments

XRP

David Schwartz, a co-founder of the XRP Ledger, recently revealed that he paid approximately $1.7 million in capital gains tax on the sale of about 2.5 million XRP in 2025. The XRP he sold had been acquired in 2020 and 2023, qualifying the profits as long-term capital gains, which are taxed at…

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