Will The US Govt. Start Buying Ripple (XRP) For Its Reserve?
Earlier this year, President Trump announced a digital asset reserve for the US. Trump had announced the creation of a strategic digital asset reserve for the US on Truth Social. He specifically named Ripple’s XRP, Solana (SOL), and Cardano (ADA) as being a part of the US crypto reserve. Also Read: Why Is Cardano (ADA) Trump’s Pick for America’s Crypto Reserve XRP As A Strategic Financial Asset For The US Source: Reddit 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 ...