XRP News: Proposal Suggests XRP as Key Liquidity Tool for US Crypto Reserve, Aiming to Unlock $1.5 Trillion

A new proposal has emerged, suggesting that XRP could play a pivotal role in the US crypto reserve system by unlocking a whopping $1.5 trillion in liquidity. Here’s a closer look at the proposal and its implications for XRP’s future.

XRP Proposed as Liquidity Tool for US Crypto Reserve

A proposal claims that XRP could unlock $1.5 trillion in liquidity for the US. The document suggests using XRP as a key liquidity tool for the US crypto reserve, with Bitcoin at its core. Maximilian Staudinger, the proposal’s author, advocates for integrating Solana and Cardano into US digital infrastructure for efficiency and security in state operations, but not including them in the reserve strategy. Instead, he contends that XRP remains the key asset for financial transactions.

Ripple Custody Trademark Filing Signals Potential Crypto Wallet

Ripple’s custody trademark filing has recently caused excitement in the crypto world. The blockchain payment firm applied for a trademark categorized under downloadable software, indicating the company is developing a crypto wallet with enhanced security features for cryptocurrency storage. This strategic move could strengthen the broader XRP ecosystem by providing dedicated custody solutions with robust Ripple security features.

XRP Dips Again! What’s Behind the Drop & Will It Recover?

The XRP price is currently at $2.32, reflecting a 2.79% decline. Despite the drop, the market cap of XRP stands strong at $135.22 billion. Interestingly, the trading volume has surged by 41.64%, now sitting at $4.64 billion, indicating increased market activity. The broader crypto market has also seen a downturn, with the total market cap dipping by 1.08% to $2.72 trillion. Analysts at Coin Gabbar suggest that the overall bearish trend across the market has impacted XRP’s price movement. The ongoing XRP Ripple lawsuit remains a major factor affecting investor confidence. With Ripple required to file its appeal-related brief by April 16, uncertainty continues to loom over the asset’s regulatory status.

SEC Considers XRP as a Strategic Asset; 3 Best Altcoins to Buy

The SEC Crypto Task Force has published a proposal suggesting XRP as a strategic asset on its website. Although it’s not official, the move indicates serious consideration. This renewed political spotlight on crypto presents an opportunity to research the best altcoins to buy. One analyst views XRP as having much more potential than Bitcoin.