according to materials from the site - By CoinPedia News
Recently, viral information has been spreading on social media, especially in the XRP community, claiming that Chinese President Xi Jinping has announced China's intention to legalize XRP and purchase it for $40 billion to create a national cryptocurrency reserve.
But is there any factual basis for this loud statement?
Who made this statement?
The rumor originated from messages by crypto enthusiasts, such as Shibo, on X, claiming that Xi Jinping made an official statement about the legalization of XRP and a major strategic purchase.
However, these tweets did not contain direct references to official statements from the Chinese government or credible news reports.
Fact-checking: What does the evidence indicate?
There is no official confirmation or announcement:
Currently, neither President Xi Jinping, nor the People's Bank of China (PBOC), nor state news agencies confirm claims that China plans to legalize XRP or invest $40 billion in a cryptocurrency reserve that includes XRP.
China's position on cryptocurrencies remains restrictive
China has maintained a cautious and restrictive policy regarding cryptocurrencies since 2017, which was reinforced by a complete ban on cryptocurrency trading and mining in 2021. Instead, the country has focused on a state-controlled digital yuan (CBDC), rather than decentralized cryptocurrencies like XRP.
There have been no announcements regarding the creation of a strategic cryptocurrency reserve in China:
Unlike the United States, which created a strategic Bitcoin reserve in early 2025, backed by official decrees and public statements, there are no signs that China has created or plans to create such a reserve.
However, the Chinese company Webus International, which develops artificial intelligence technologies for mobility, has just filed documents with the U.S. Securities and Exchange Commission (SEC). They plan to create a large $300 million XRP fund to store and use XRP as part of their business.
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