Former Ripple CTO Explains Longstanding Crypto Selling Pact

TLDR David Schwartz says his XRP holdings declined from approximately 26 million tokens to 3 million. His Bitcoin holdings reportedly fell from 1,500 BTC to one BTC. Schwartz disclosed reducing his Ether holdings from around 40,000 ETH to six ETH. He reported selling 2.5 million XRP in 2025 and paying approximately $1.7 million in capital gains taxes. Schwartz says he arranges XRP sales through written plans established at least 30 days beforehand. Former Ripple CTO David Schwartz has disclosed substantial reductions in his cryptocurrency holdings. He said his XRP position fell from about 26 million tokens to 3 million. That represents an approximately 88.5% decline from his reported XRP peak. He linked XRP, Bitcoin, and Ether sales to his personal aversion to risk.

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