Ripple CTO Slams “Tax” Claims: XRP is Free as a Sandwich! 🍞

by

Ah, taxes! The only thing more inevitable than death in the world of cryptocurrency, it seems… until now. Ripple CTO David Schwartz, with the poise of a man who’s never met a ledger he didn’t like, has delivered a masterclass in fiscal irreverence. When Matthew Sigel, VanEck’s digital assets oracle, asked, “If XRP holders aren’t earning anything, who’s collecting the tax?” Schwartz replied with the elegance of a well-tied cravat: “Is blockchain about ‘no middlemen’ or is it ‘tax me gently, I’m worth it’?” 🤷♂️

Sigel, undeterred by the art of the rhetorical question, pressed on like a guest at a garden party who’s forgotten the punch bowl is empty. Schwartz, ever the host with the most, clarified: “There really is no tax. You can issue assets, trade NFTs, make payments… all while the ledger remains a public good. No one owns it. No one taxes it. Unless, of course, you count the occasional transaction fee-burned like a particularly unflattering tweet.” 🔥

“The closest thing to a tax is the transaction fees and reserves-anti-spam measures so elegant, they’d make a Victorian poet weep. And remember, holding XRP gives you XRP. Full stop. No extra charges, no hidden fees, and certainly no passive income. How very 2023 of you to assume such luxuries.” – David ‘JoelKatz’ Schwartz (@JoelKatz) November 14, 2025 😏

With a deflationary ballet of 14 million XRP burned to date (at less than $0.003 per transaction), the XRP Ledger now dances to the tune of spam-free serenity. As Schwartz concluded, “Nobody has any special right to charge you for it. It’s a public good, darling. Now please, pass the champagne.” 🥂

Read More

2025-11-15 17:53