Ripple’s control over 37 billion XRP in escrow is under renewed scrutiny following a recent court ruling.
Legal experts, developers, and analysts debate whether Ripple truly relinquishes authority over the funds.
Speculation is mounting that the U.S. government could intervene or even take control of the escrowed XRP.
The debate over Ripple’s unilateral control of XRP tokens in its escrow has resurfaced in the crypto community. This comes as Ripple faces new legal hurdles in its case with the U.S. SEC.
The development sparked bold suggestions from commentators like Brad Kimes, founder of XRPLasVegas, that the U.S. government may have to step in, particularly through Ripple’s escrow.
Meanwhile, developers, legal observers, and blockchain analysts clash over whether Ripple truly relinquishes control of billions of XRP placed in escrow.
U.S. Government to Take Over Ripple’s XRP in Escrow?
Yesterday, Judge Analisa Torres rejected Ripple’s bid to vacate the existing injunction and reduce its federal penalty to $50 million. The court’s stance fuels speculation in the XRP community.
In a tweet, Brad Kimes suggested the ruling may set up the U.…
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