XRP in U.S. National Reserve? Legal Firestorm Erupts as Top Attorney Counters Speculation
Rumors of XRP's inclusion in U.S. reserve assets hit a boiling point this week—until a heavyweight legal mind dropped the hammer.
The Crypto Reserve Debate Heats Up
Speculation about digital assets entering national treasuries isn't new, but XRP's case just got spicy. Proponents point to its banking-friendly design, while skeptics cry 'regulatory limbo.'
Legal Eagle Grounds the Hype
A prominent attorney just shredded the theory with a 10-point Twitter thread. Their take? 'Until the SEC lawsuit dust settles, this is fantasy football for crypto bros.' Ouch.
Why This Matters
Central banks dabbling in crypto could rewrite global finance. Or it might just be another 'blockchain revolution' PowerPoint slide for next year's Davos panel.
The irony? Wall Street still can't decide if XRP's a security, while crypto traders treat it like a roulette wheel. Some things never change.
Rumors are swirling about the US government’s potential incorporation of XRP into its national reserves, as well as the possible seizure of Ripple’s XRP escrow. But prominent attorney Bill Morgan has publicly cast doubt on these rumors.
Is The US Planning To Seize Ripple’s Escrowed XRP?
According to widely followed crypto analyst John Squire, the United States government could potentially take control of the XRP tokens currently held in Ripple’s escrow.
This revelation comes at a significant time, following President Donald Trump’s previous confirmation of plans to create a Strategic Bitcoin Reserve and a separate Digital Asset stockpile holding cryptocurrencies such as Solana (SOL), Cardano (ADA), and Ripple’s XRP.
However, Bill Morgan refuted claims that the US government intends to utilize XRP as part of a broader strategy to support its financial system.
“No it won’t,” Morgan asserted in a post on X.
Another industry commentator, going by the online alias Pumpius, also informed his X followers about the rumors about the US authorities potentially repurposing Ripple’s XRP escrow as part of the national financial reserves. Pumpius compared the XRP scenario to spot bitcoin exchange-traded funds (ETFs), which were once considered unlikely but ultimately became a reality, indicating that the Ripple-affiliated crypto could make its way to US reserves.
Notably, the longstanding Ripple vs SEC lawsuit is nearing its conclusion, spurring Optimism within the community. Regulatory clarity on XRP’s legal status is stirring speculation about its potential inclusion.
A host of companies have in recent months announced reserves of the Ripple-created cryptocurrency. Singapore-based Web3 company Trident Digital announced it will start a strategic XRP treasury of up to $500 million. Others like Webus, VivoPower, and Wellgistics have also announced XRP-centric reserves. These moves are indicative of growing institutional interest in Ripple’s XRP ecosystem.
While Ripple’s technology is gaining traction among corporations, claims related to US reserves remain unsubstantiated.
The fourth-largest crypto is down 1.1% in the past 24 hours, alongside a slight correction in the broader crypto market.
