Ripple isn't technically crypto currency is a common point I see people bring up. If that were true then the IRS tax laws would need to be extended to include Microsoft Points, World Of Warcraft gold and CS:GO weapon skins.
Well, so is Ripple technically a 100% tax free coin then? Ripple takes every argument people throw at it and turns it into a strength!! Oh its owned by big banks! Well now that sounds like a great bonus to investors honestly!
Not a real crypto currency, well its also tax free then too!