Schwartz, who sold 2.5 million XRP in 2025, reveals $1.7 million in taxes

Ripple CTO emeritus David Schwartz said on X that he sold roughly 2.5 million XRP in 2025, most of it received in 2020 and 2023, and paid about $1.7 million in capital gains tax on the transactions. The disclosure came in response to a user who called XRP a poor investment and questioned his selling. No tax filings or payment receipts were included in the public post, so the sale volume and tax figure rest on Schwartz's statement alone. The remarks matter because they give a rare public accounting of insider selling by a senior Ripple figure and put a concrete tax cost on the disposals. Watch for any formal filing or on-chain confirmation that reconciles the stated 2.5 million XRP and $1.7 million figures.