Founder of Messari: Ripple is using the RippleWorks Charity Foundation to avoid tax

According to CryptoBriefing, Ryan Selkis, founder of cryptocurrency research firm Messari, published a report accusing Ripple of using its RippleWorks charitable foundation to avoid taxes. According to the Foundation’s 2018 public balance sheet, the Foundation’s charitable donations to others are zero. The foundation seems to have generated only $2 million in non-tax expenses, while at the same time having nearly $300 million in revenue and $1.2 billion in assets under management.