Top Ripple Execs Spark Controversial Debate Over XRP and Taxes

United States News News

Top Ripple Execs Spark Controversial Debate Over XRP and Taxes
United States Latest News,United States Headlines
  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

XRP tax debate sparks among top Ripple execs following this discovery xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple $xrp

, an accounting and finance consultant passionate about digital assets, initiated the thought-provoking conversation. He asserted that if an XRP settlement occurs within a single ledger without price fluctuations, taxable implications would apply only to the customer. However, if price shifts occur during the pathfinding process, both increases and decreases in taxable events may arise.

If it settles in a single ledger and prices do not change between buying and selling then the implications are only for the customer.— Fredo Ayala 🏴‍☠️ 🪝 Neil Hartner, a senior staff software engineer at Ripple, sought clarity on a specific scenario involving a USD to EUR cross-currency payment, autobridged via USD to XRP and XRP to EUR.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Utoday_en /  🏆 295. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ripple Exec on Palau Stablecoin Trial on XRP Ledger, SEC Case RulingRipple Exec on Palau Stablecoin Trial on XRP Ledger, SEC Case RulingRipple vice president of central bank engagements and CBDCs James Wallis joins 'First Mover' to discuss his insights into the country of Palau leveraging Ripple's CBDC platform and starting a stablecoin trial on the XRP Ledger. Wallis also weighs in on Ripple Labs scoring a partial win against the SEC earlier this month after a judge ruled the sale of Ripple's XRP tokens on exchanges and through algorithms did not constitute investment contracts.
Read more »

XRP Community Reacts as SEC Chair Avoids Discussing Ripple CaseXRP Community Reacts as SEC Chair Avoids Discussing Ripple CaseXRP community reacts as SEC chair evades Ripple case talks $XRP XRPArmy XRPCommunity XRPHolders
Read more »

SBI Spotlights Ripple's XRP-Powered ODL SolutionSBI Spotlights Ripple's XRP-Powered ODL SolutionDevelopment comes as part of SBI's ongoing partnership with Ripple and signifies considerable surge in transaction volume on XRP Ledger from Asia
Read more »

Ducati Partners With Ripple-Founded XRP Ledger for its First NFT CollectionDucati Partners With Ripple-Founded XRP Ledger for its First NFT CollectionDucati unveiled its first-ever NFT launch in partnership with XRP Ledger (XRPL).
Read more »

New XRP Pair Added by This Binance US Offering: DetailsNew XRP Pair Added by This Binance US Offering: DetailsThis Binance US offering adds new XRP pair XRPArmy XRPCommunity XRPHolders BinanceUS
Read more »

SEC Case Had 'Almost No Impact' on Ripple's Talks With Central Banks, Says ExecSEC Case Had 'Almost No Impact' on Ripple's Talks With Central Banks, Says Exec.Ripple's long legal saga with the SECGov had 'almost no impact' on its conversations with central banks, the firm's vice president of central bank engagements told CoinDesk TV. By JamieCrawleyCD
Read more »



Render Time: 2025-03-04 15:39:47