Hey people! Watch out for this gossip, it's got us all on edge! 😬 A rumor spread like wildfire that the United States government was planning to seize the XRP tokens Ripple has stashed away. Imagine that! People started saying they wanted to use those XRP tokens to create a government-backed digital reserve. What a movie! 🎬
But don't worry, don't worry! A heavyweight has already come out to deny this whole story. None other than Bill Morgan, a lawyer who is super attached to Ripple, came out on X (formerly Twitter) to nip the speculation in the bud. When asked if the government was going to take the XRP, the man was direct and blunt: "No, it won't." That's clear! 🎤
This little rumor started to get louder after Ripple released 1 billion XRP from its escrow. Imagine, over $2.2 billion in three transactions! 🤯 And of course, with that move, people started spinning stories. Pumpius, a well-known voice on X, even compared the situation to Bitcoin ETFs, which at first seemed impossible, and look where they are now! 🤷♂️ He said that, although it was hard to believe what XRP was doing, in the crypto world anything is possible.
And as if that weren't enough, my people, this isn't the first rumor linking Ripple to the US government. Back in March, it was rumored that Ripple was offering 45% of its XRP to the government in exchange for access! There was talk of a strategic agreement to settle the legal dispute with the SEC. A novel! 😮💨
Watch out for the SWIFT rumor! Is XRP joining the banking club? 🏦🔗
But it doesn't stop there, because there's another rumor that has people talking! Ripple's XRP Ledger is reportedly going to be integrated with the SWIFT system, the giant used by more than 11,000 financial institutions around the world to move money. It would be like the neighborhood uniting with the elite! 🤩
While Ripple has indeed partnered with several banks to facilitate cross-border payments, the SWIFT deal is pure speculation for now. There's no concrete evidence, folks! But of course, if it were to happen, it would be a huge goal for the integration of cryptocurrencies into the mainstream financial world. ⚽️
After the SEC nearly threw in the towel on its lawsuit against Ripple, the company has been pushing its blockchain technology to mainstream financial institutions. They purchased a brokerage platform, Hidden Road, for $1.25 billion, and even launched their own stablecoin, RLUSD! With all these moves, it was obvious that SWIFT rumors were about to resurface!
Some, like John Squire, say several prominent figures have dropped hints that a SWIFT announcement is imminent, confirming the integration of XRP into its global payments network. That would be a bomb! 💣
That's right, my people, speculation about XRP is through the roof, and many in the crypto world are frowning, demanding proof. So, stay alert, don't believe everything you hear, and wait for something concrete. In this crypto world, the truth always comes out! ✨$XRP