RegulatoryRumble
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š XRP as an Official State Currency? What's Really Going On? š
I came across an interesting discussion ā thereās an idea being floated about makingĀ $XRP Ā an official state currency in the U.S. Sounds ambitious, but letās break it down. š
š„ Why XRP?
The proposal claims that using XRP could unlockĀ $1.5 trillion from global Nostro accounts, boosting liquidity and cutting transaction costs.
Replacing SWIFT with XRP could supposedly save the U.S. 7,5 billion annually.
There's even an idea to use XRP for tax payments and social benefits, which could save aroundĀ $500Ā billion over the next decade.
šļø Regulatory Angle
The document suggests issuing an executive order to classify XRP as a commodity, aiming to remove legal barriers for its adoption.
ā ļø But There Are Key Details
This is just a private proposal, not an official SEC decision.
Implementing such changes would require significant regulatory approval and adjustments in legislation.
š XRP Current Price
Currently, XRP is trading at 2,33$Ā , and the market is watching the developments closely.
#RippleUpdate #CryptoDayTrading #RegulatoryRumble
#XRPPredictions
I came across an interesting discussion ā thereās an idea being floated about makingĀ $XRP Ā an official state currency in the U.S. Sounds ambitious, but letās break it down. š
š„ Why XRP?
The proposal claims that using XRP could unlockĀ $1.5 trillion from global Nostro accounts, boosting liquidity and cutting transaction costs.
Replacing SWIFT with XRP could supposedly save the U.S. 7,5 billion annually.
There's even an idea to use XRP for tax payments and social benefits, which could save aroundĀ $500Ā billion over the next decade.
šļø Regulatory Angle
The document suggests issuing an executive order to classify XRP as a commodity, aiming to remove legal barriers for its adoption.
ā ļø But There Are Key Details
This is just a private proposal, not an official SEC decision.
Implementing such changes would require significant regulatory approval and adjustments in legislation.
š XRP Current Price
Currently, XRP is trading at 2,33$Ā , and the market is watching the developments closely.
#RippleUpdate #CryptoDayTrading #RegulatoryRumble
#XRPPredictions
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