David Schwartz, who recently stepped down as Ripple's chief technology officer, revealed he has divested most of his cryptocurrency portfolio. His XRP position decreased from approximately 26 million tokens to 3 million, Bitcoin from 1,500 to 1, and Ethereum from 40,000 to 6. He attributed the drawdown to low risk tolerance and a plan he made with his wife in 2012.
The sales followed predetermined schedules set up with legal advisors. Schwartz sold about 2.5 million XRP during 2025, generating capital gains taxes of roughly $1.7 million. Some token holders criticized the timing as XRP fell to $1.06, though Schwartz said the moves reflected personal financial management rather than concerns about the project.
Read the full story on BSC News: Ripple CTO Emeritus David Schwartz Says XRP Holdings Fell From 26 Million to 3 Million
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