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XRP News Today: Could the U.S. Government Soon Hold XRP in Its Digital Asset Stockpile?
As President Donald Trump recently confirmed, the United States government is taking a crucial step in the crypto space by creating a stockpile of digital assets it acquires through legal means. This announcement has generated substantial speculation regarding XRP’s role and potential future involvement with the U.S. government.
The newly established United States Digital Asset Stockpile will reportedly hold XRP, Ethereum, Cardano, and Solana, among other digital assets. However, the government clarified that any new purchases beyond what it acquires through legal means are not planned. This recent announcement has sparked heated debates within the crypto community surrounding the potential implications of this move on the value of these coins.
Crypto analyst Yassin Mobarak has taken a closer look at this development and believes it could signify that the U.S. government may soon hold XRP in its digital asset stockpile, courtesy of Ripple’s ongoing legal battle with the SEC. The fine imposed by the SEC against Ripple for selling XRP without registration, worth $125 million, is currently being managed through a court-approved escrow agreement. However, it remains unclear whether these funds are held in U.S. dollars or XRP.
Considering this new stockpile setup, Mobarak suggests that the SEC could possibly accept Ripple’s fine payment in XRP instead of cash, which would mark the first instance where the U.S. government holds XRP.
This potential development has significant implications for the future of XRP and its regulatory landscape. If the government does end up holding XRP, it may lead to reduced regulatory pressures and increased adoption rates for the cryptocurrency.
