WhiteRock’s XRP Federal Banking Proposal Sparks Skepticism—’Pipe Dream or Power Play?’

Ripple’s XRP just got another dose of hopium—this time from WhiteRock’s bold pitch to embed the token in the US federal banking system. Cue the eye rolls from Wall Street veterans.

Why the caution? Regulatory minefields. The Fed moves at the speed of bureaucracy, and crypto’s ’disrupt first’ ethos rarely survives first contact with DC’s rulebooks. Even if the tech works, the politics might not.

Meanwhile, banking incumbents whisper: ’Wake us when the SEC stops playing whack-a-mole with crypto projects.’ Another day, another moonshot—but hey, at least the XRP army gets fresh ammo for their Twitter threads.

WhiteRock proposes XRP integration into federal banking systemWhiteRock proposes XRP integration into the federal banking system The letter comes on the heels of the Fed withdrawing 95% of its anti-crypto guidance, which previously restricted U.S. banks from engaging in crypto activities like trading and custody.  With the WhiteRock proposal coming around at the same time as the Fed rolling back its anti-crypto guidance, many XRP enthusiasts believed the letter to be true. Consequently, it has gone viral within the XRP community, with several prominent figures spreading the letter.  Expert Warns Against Spreading Malicious Post  However, Vet took to X to plead with these big XRP influencers to stop spreading the WhiteRock proposal. Like many XRP community figures, Vet believes the proposal is illegitimate.  The dUNL validator noted that sharing the proposal presents a bad look, suggesting that it makes the broader community look overly desperate for validation.  The expert urged those sharing the proposal to question posts like the WhiteRock letter instead of acting gullible. This serves as a call to the broader XRP community to critically analyze certain posts to ascertain the rationale behind them, rather than reposting them because they sound exciting.  In a follow-up tweet, Vet suggested that the influencers who claimed that FedNow has been using XRP for years are the ones spreading the WhiteRock proposal. The expert seemed baffled that such a malicious claim would have thousands of likes, potentially creating a false sense of consensus.  In the meantime, Vet plans to speak with the followers and audience of those big influencers spreading the rumor to curb the spread of malicious claims in the future.