news 
XRP News: Ripple Lawyer Bill Morgan Slams U.S. Escrow Seizure Rumors
Ripple lawyer Bill Morgan has recently taken to social media to dismiss rumors surrounding the possible seizure of XRP escrow by the United States government. According to reports, the speculation suggests that the US authorities are considering repurposing Ripple’s $XRP escrow as part of America’s national financial reserves.
The claims, which have been circulating on Twitter and other online platforms, have sparked a heated debate in the crypto space, with some proponents drawing parallels between this scenario and the once unlikely approval of Bitcoin ETFs. However, Morgan remains unconvinced, flatly stating “No, it won’t” in response to such rumors.
The rumors come as Ripple released 1 billion XRP from escrow in early June, a move that has contributed to an intensification of discussions surrounding the potential inclusion of cryptocurrency assets like XRP and SOL in US strategic reserve. The development has led some to speculate about the government’s increasing interest in the token’s potential role in the country’s financial infrastructure.
It is important to note that while Volante Technologies, a partner in the FedNow payment pilot, has integrated Ripple technology for cross-border payments, there is no verified evidence supporting claims that XRP itself is being used by the Federal Reserve for transactions.
Source: coinpedia.org
