Schwartz: XRP won't get native staking to avoid being a security
- —Schwartz is "not a big believer" in native staking on the XRP Ledger
- —XRP holders do not own the ledger and cannot tax other users' transactions
- —Staking works like companies and securities, not like commodities
- —Developers can build fee-earning services on top, but the ledger won't tax them for you
Why it matters: Ripple's stance reinforces XRP's commodity classification, key to its SEC disputes and to holders.
Source: Cryptonews.net