A bill has been passed in the state of Utah, allowing for the creation of a strategic crypto reserve. Market commentators are considering whether XRP could qualify for this initiative. The bill sets specific criteria for digital asset investments, including a minimum market cap of $500 billion on a 12-month average. Currently, only Bitcoin meets this requirement. XRP has a market cap of $140 billion and would need to add $360 billion to its market cap and maintain that for the next year to qualify. Some argue that at a unit price of $5, XRP's market cap would still fall below the threshold. However, others argue that it should be based on XRP's maximum supply, which would place its fully diluted market cap at approximately $500 billion. XRP enthusiasts are hopeful about its inclusion in the proposed U.S. federal government's crypto reserve, although no clear decision has been made regarding its creation.



Other News from Today