Coinspeaker
Ripple CTO Addresses XRP Community Concerns on Selling and AMM Pools

David Schwartz, the Chief Technology Officer (CTO) of Ripple Labs, recently addressed the XRP community on X (formerly Twitter) about the selling of XRP and its involvement in Automated Market Maker (AMM) pools. His comments come at a time when numerous individuals are worried about selling XRP and what it entails. Dev Null Productions left the XRP ecosystem because they didn’t trust Ripple’s leadership, which led to their interaction.

It's nearly impossible to avoid selling if you want to hold.https://t.co/1hILC94kb1

— David "JoelKatz" Schwartz (@JoelKatz) March 26, 2024

Ripple CTO on the Tax Challenges of Holding XRP

Ripple CTO talked about the problems investors face when they hold XRP, especially when it comes to taxes. He said it is “nearly impossible” not to sell XRP, especially when it comes to settling taxes on XRP that one has received.

Schwartz had stated in the past that an...