Ripple CTO Defends XRP Ledger’s Tax Structure: Fees Are Anti-Spam Measures, Not Revenue Generators

Ripple’s Chief Technology Officer (CTO), David Schwartz, addressed recent inquiries about whether the XRP Ledger imposes taxes on users. He clarified that the ledger operates as a public utility without extracting value from participants. This model differs significantly from those who charge fees for network activity and aims to foster an open financial ecosystem where token holders don’t necessarily profit directly from network operations.