David Vance

Coin

<ul class="news-points">
 <li><strong>Ripple’s CTO highlights individuals’ right to sell digital assets.</strong></li>
 <li><strong>Tax implications drive the necessity of selling XRP, said David Schwartz.</strong></li>
 <li><strong>Alternative distribution methods face hurdles, including tax concerns and susceptibility to fraud.</strong></li>
</ul>
<p>In a recent series of tweets, David Schwartz, the <a href="https://coinedition.com/ripple-cto-exposes-flaws-in-craig-wrights-claim-to-be-satoshi-nakamoto/" rel="noopener noreferrer nofollow">CTO of Ripple,</a> engaged in a candid discussion regarding the distribution of XRP, Ripple’s native digital asset. Addressing concerns about centralized control and concentration of XRP, Schwartz provided insights into the challenges Ripple faces in ensuring a fair and equitable distribution of the cryptocurrency.</p>
<p>Schwartz started by highlighting the fundamental nature of digital assets, stating that holders can sell them without the need to seek permission from anyone. He stressed the misconception that buying digital assets is inherently more virtuous than selling them, emphasizing the individual’s autonomy in managing their holdings.</p>
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   <p lang="en" dir="ltr">Everyone who holds a digital asset can sell it if they wish to. Nobody has any obligation to you not to sell their digital assets. Buying is not somehow morally superior to selling.</p>— David "JoelKatz" Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1374835019521253378?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 24, 2021</a>
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<p>The post <a href="https://coinedition.com/ripple-cto-stresses-xrp-autonomy-amid-distribution-hurdles/" rel="noopener noreferrer nofollow">Ripple CTO Stresses XRP Autonomy Amid Distribution Hurdles</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ripple CTO Stresses XRP Autonomy Amid Distribution Hurdles

Coin Edition

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