In the world of cryptocurrencies, various theories abound, but one of the latest draws particular attention: what if behind the scenes the United States government and Ripple Labs struck a significant deal? And what if this deal involved the adoption of $XRP as one of the main forms of payment, potentially even replacing cash in certain contexts? This intriguing idea has spawned speculation that this secret agreement could be the reason for the delay in the approval of spot Bitcoin and Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC).
At first glance, the connection between ETF approval and the adoption of $XRP by the government may seem far-fetched. However, proponents of this theory point to several interesting points.
Firstly, the prolonged legal battle between the SEC and Ripple Labs ended in a partial victory for the latter. Judge Analiza Torres ruled that not necessarily a security in all cases, which was a landmark event for Ripple and the entire crypto industry. Some interpret the lack of further active appeal from the SEC as a sign of a possible behind-the-scenes understanding.
Secondly, there is a growing understanding of the potential of blockchain technology.