‘I Sold 2.5 Million XRP’: Ripple Vet David Schwartz Rebuts Critics With Tax Proof

Ripple's David Schwartz addressed critics who accused him of dumping XRP by disclosing that he sold 2.5 million XRP and paid $1.7 million in taxes on the sales. He framed the moves as a personal de-risking strategy rather than a signal about the asset. The disclosure is a reputational matter for a prominent Ripple figure and carries little direct price impact, though holders may watch for further commentary.