The American government takes a big step in cryptographic space, but not in the most awaited way. President Donald Trump recently confirmed that if the United States does not actively buy more altcoins, this will create a stock of digital assets which it acquires by legal means.
This stock of digital assets in the United States will include XRP, Ethereum, Cardano and Solana. However, the government has clearly indicated – it will not make additional purchases beyond what it receives thanks to legal actions.
This announcement has aroused new speculation, in particular around the role of XRP in all of this. Crypto analyst Yassin Mobarak thinks that this could mean that the US government may soon hold XRP for the first time, thanks to Ripple’s continuous legal battle with the dry.
Fine dry of Ripple: Could it be paid in XRP?
Ripple was recently sentenced to a fine of 125 million dollars by the dry for having sold badly XRP. To manage this, Ripple proposed to place the amount of sequestration – a request for the SEC agreed under an agreement approved by the court. However, it is not clear if the funds are held in US dollars or XRP.
Mobarak believes that since the government sets up a stock account for high liquidity digital assets, there is a real chance that the dry can accept the fine of Ripple in XRP instead of money. If this happens, it would mean that for the first time, the US government would have XRP.
This could be enormous because if the government has XRP, it would have a reason to see its value increase. This could mean less
Jeremy Hogan’s legal socket
Legal expert Jeremy Hogan weighed on Mobarak’s theory, declaring that if the sanction of the SEC is officially denominated in USD, Ripple could still plead for payment in XRP in the right circumstances. He quoted the 1869 Supreme Court affair, Willard c. Tayloe, where the court authorized an contractual obligation to be settled in gold rather than dollars in the interest of equity.
Although the case of Ripple is different, Hogan suggests that if the two parties agree, Ripple could transfer an equivalent amount of XRP to an address controlled by the government instead of paying in cash.
However, a major obstacle remains – Ripple’s fine is a penalty which must generally go to the American Treasury. But as the treasure also supervises the XRP stock, Hogan thinks that it may not be a roadblock after all.
What does that mean for XRP?
If Ripple ends up paying his fine in XRP, that could change the situation. The US government officially holding XRP, its interests could align with the XRP community, perhaps resulting in less regulatory pressure and more widespread adoption. Although nothing is in stone, it is a development that deserves to be watched.
