XRP Investors Urged to Set Up Trusts, LLCs & Custody Early
Crypto adviser Jake Claver warns XRP investors to implement comprehensive XRP wealth planning before converting tokens into fiat. He advises establishing digital asset-specific trusts, LLC structures for trading and staking, and tailored custody solutions in advance. Early XRP wealth planning can simplify tax management, minimize liability and protect digital wealth from legal risks or sudden market losses. Claver stresses that basic templates may be insufficient for large holders who should consult crypto-savvy attorneys and accountants to align custody arrangements with legal entities. Small retail investors may need fewer measures, but serious XRP traders benefit from proper wealth planning to safeguard gains and streamline future transfers.
Neutral
This advisory focuses on legal and tax preparation rather than trading signals. It is unlikely to trigger immediate XRP buying or selling, making the short-term price impact neutral. In the long term, the emphasis on structured wealth planning could boost institutional confidence and support market stability, but does not guarantee immediate price movements.