Currently, there is no statement from President Xi Jinping, the People's Bank of China (PBoC), or state news agencies confirming the claim that China plans to legalize XRP or invest $40 billion in a cryptocurrency reserve fund containing XRP.

China's stance on cryptocurrency remains restrictive.

China has maintained a cautious and restrictive policy towards cryptocurrency since 2017, further reinforced by a complete ban on cryptocurrency trading and mining in 2021. Instead, the country is focused on the state-controlled digital yuan (CBDC), rather than decentralized cryptocurrencies like XRP, but firmly believes that XRP will conquer new heights. #CryptoClarityAct