The recent developments in the cryptocurrency industry have led to speculation that the Donald Trump-led government may take over the Ripple XRP escrow. This move could eliminate the need to acquire XRP from the open market and align with the World Liberty Financial Initiative's approach of acquiring different crypto assets. The project, inspired by President Trump, has been accumulating assets like Ethereum, Wrapped Bitcoin, Aave, and Chainlink. However, it has not purchased XRP, sparking speculation that the US government may be looking to obtain XRP through other means. Ripple holds over 37.7 billion XRP in escrow, and discussions suggest that the US government could bypass market acquisition by utilizing these holdings. While these speculations gain ground, they have also triggered a campaign against XRP, particularly led by Bitcoin maximalists who believe the national reserve should only contain Bitcoin. Ripple has been fostering relationships with the Trump administration, even contributing to his inauguration fund and presidential campaign. Some believe that Ripple could donate its escrowed XRP to the government to include XRP in the national reserve, potentially allowing the US government to possess $140 billion worth of XRP tokens at no cost. However, these speculations remain speculative, and there has been no confirmation from the government or Ripple.



Other News from Today