if XRP is deemed not a security and adopted as a bridge asset, then it’s (to be) a non-taxable asset, no? immediately transferrable to any other asset represented by the ledger, it can be immediately redeemed to a physical asset without ever actually realizing a capital gain in dollars…
obviously fook income/capital gains taxes, but looking short term under the current [IRS] regime.
IRS is already fooked. but makes sense
