Interpol Hunts Hayden Davis as WOLF and LIBRA Scams Leave Investors $40M in Ruins!
The post Interpol Hunts Hayden Davis as WOLF and LIBRA Scams Leave Investors $40M in Ruins! appeared first on Coinpedia Fintech News
After a long legal tug-of-war under Biden’s leadership, Ripple is finally catching a break. Reports suggest that President Donald Trump’s team is eyeing XRP as a key player in building a powerhouse Bitcoin (BTC) reserve.
A new proposal submitted to the US SEC suggests that XRP could play a key role in boosting the US financial system. The plan claims that integrating XRP could unlock $1.5 trillion in liquidity, which could then be used to buy Bitcoin. However, this idea faces major regulatory hurdles, and it remains unclear if the government will take it seriously.
How XRP Could Free Up Trapped Funds
The five page proposal written by Maximilian Staudinger suggests that the US should consider using XRP to free up capital stuck in Nostro accounts. These accounts, used for cross-border transactions, hold about $27 trillion globally, with around $5 trillion belonging to US banks. By using XRP, Staudinger believes that $1.5 trillion could be released and redirected toward Bitcoin purchases.
Staudinger also proposes a structured crypto reserve system for the US. He argues that Bitcoin should be at the center, while Solana and Cardano could be used for government applications. However, he insists that XRP is the most important asset for handling financial transactions.
Bold Bitcoin Claims Raise Questions
One of the more questionable parts of the proposal is the claim that the US could buy 25 million Bitcoin at $60,000 per coin. This is impossible since Bitcoin’s total supply is only 21 million. Still, the proposal argues that using XRP could save the US up to $7.5 billion in transaction fees annually and make government payments, like Social Security and tax refunds, faster and cheaper.
Regulatory Challenges Stand in the Way
Despite its ambitious plan, the proposal faces a big setback—XRP’s unclear regulatory status. Staudinger urges the SEC to classify XRP as a payment asset instead of a security. He also calls on the Department of Justice to lift restrictions preventing banks from using XRP.
To speed things up, he suggests a presidential executive order to bypass regulatory delays. His plan includes two timelines: a standard 24-month rollout with standard regulatory approval, government payments, and bank adoption, or opting for a fast-track 6-12 month timeline using executive orders and Fed mandates for quick XRP integration. While ambitious, the fast-track approach could work given Ripple’s existing global liquidity network.
Will This Proposal Go Anywhere?
While the idea sounds interesting, independent proposals like this usually don’t gain much traction unless backed by major financial institutions or government officials. Without strong support, this remains a bold idea rather than a plan the US is likely to adopt anytime soon.
