Is the US Government About to Add Ripple (XRP) to Its Reserve? Here’s What We Know
Rumors are swirling—could the US Treasury start hoarding XRP like digital gold? With Ripple's ongoing legal battles and growing institutional adoption, the once-mocked "banker's crypto" might just get the ultimate validation.
Why XRP? Faster than Fedwire, cheaper than SWIFT, and suddenly looking like the least risky bet in Washington's eyes. Treasury officials won't confirm, but insiders whisper about contingency plans for a crypto-dollar hybrid system.
Wall Street's already placing bets—XRP futures volume spiked 300% last quarter. Meanwhile, Bitcoin maximalists are choking on their artisanal coffee. Nothing says "financial revolution" like the government co-opting your favorite altcoin.
One cynical take? This reeks of bureaucratic hedging. After trillions in quantitative easing, maybe the Fed wants a blockchain backdoor that doesn't require printing more toilet paper—sorry, dollars.
XRP As A Strategic Financial Asset For The US
The US SEC has also acknowledged how Ripple’s XRP, SOL, and ADA could play critical roles in the national digital economy. The financial watchdog stated three key benefits of having a strategic digital asset reserve. Firstly, the SEC highlighted that $1.5 trillion will be freed from banking liquidity. It also said it WOULD save $7.5 billion annually from transaction cost savings.
In a document, the SEC shed light on how XRP’s legal clarity could be achieved. It first aims to classify XRP as a payment network and not a security. It would then remove DOJ restrictions from banks and mandate XRP for bank liquidity solutions.
Recently, a senior White House official revealed that the US has an accumulation plan for Bitcoin (BTC). We could see a similar plan appear for Ripple’s XRP token.
Will The Asset Climb To A New Peak?
If Ripple attains legal clarity, we may see a large number of banks adopt the XRP Ledger. The move may mirror the situation in Japan. Many Japanese banks have flocked to the XRP Ledger for cross-border payments. A similar pattern may emerge in the US as well.
An adoption surge among US banks could lead to a massive price spike for XRP. The asset is currently down by 35.5% from its all-time high of $3.40. XRP hit its peak in January 2018, more than seven years ago. An adoption spree among banks could propel the asset’s price to the $5 mark, if not more.
