📰 David Schwartz’s XRP staking idea tests IRS reward tax rules
🗓️ May 28 2026 11:05 UTC
David Schwartz says newly minted XRP staking rewards should not face tax before sale, reviving debate over IRS rules and XRPL design debate.
➤ David Schwartz, former CTO of Ripple, has reignited the debate on taxing XRP staking rewards, proposing they should not be taxed until sold, likening them to 'knitted sweaters'.
➤ This challenges the IRS's current stance (Revenue Ruling 2023-14) which taxes proof-of-stake rewards upon gaining dominion and control.
➤ The discussion is theoretical as XRP Ledger currently lacks native staking, but it provides a framework for future reward systems and tax implications.
#xrp #davidschwartz #irs #stakingrewards #taxation #xrpl #revenueruling202314 #createdproperty #dominionandcontrol #defi
🔗 Read more at: 
RWA Times
David Schwartz’s XRP staking idea tests IRS reward tax rules
David Schwartz says newly minted XRP staking rewards should not face tax before sale, reviving debate over IRS rules and XRPL design debate.

















