Expert Says This Is About to Become Very Important for Every XRP Holder to Understand

2025-11-20 07:36:59

Jake Claver, CEO of Digital Ascension Group, is warning XRP investors that they may be putting their crypto wealth at unnecessary legal, tax, and estate-planning risk.

He explains that since the IRS classified crypto as property in 2014, investors have had access to stronger ways to protect their assets. Yet most holders still don’t use them.

According to Claver, families sitting on six- or seven-figure XRP portfolios could face lawsuits, probate issues, or forced asset sales if their crypto remains in their personal names.

Why Property Classification Changes Everything

He explains that crypto held in personal wallets is fully discoverable in a lawsuit. If someone sues you, whether for a car accident or a business dispute, a judge can legally demand access to your private keys. Attempts to hide assets can lead to contempt of court or even jail time.

XRP1.44%

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