The document is a strategic proposal for the use of XRP as a financial asset for the USA, prepared by Maximilian Staudinger. Key ideas:
1. Economic benefits:
Release of $1.5 trillion in bank liquidity by using XRP instead of traditional Nostro accounts.
Savings of $7.5 billion annually on transaction costs.
Possibility of creating a national Bitcoin reserve.
2. Legal clarity:
Proposal to classify XRP as a payment network rather than a security (SEC).
Elimination of legal restrictions for banks (DOJ).
Implementation of XRP in bank liquidity (FRB, OCC).
3. Implementation plan:
Standard option (24 months): first legal clearance, then pilot payments, transition of banks to XRP, and creation of a Bitcoin reserve.
Accelerated option (6-12 months): assumes the use of a presidential decree for the immediate implementation of XRP.
4. Additional measures:
Lifting SEC restrictions on contacts with XRP.
Recognition of XRP as a national financial asset through the US Treasury.
Segregation of roles for cryptocurrencies: XRP for transactions, Solana for blockchain applications, Cardano for managing government services.
5. Final recommendations:
Accelerated approval of the XRP plan.
Regulatory intervention to implement XRP in banks and government payments.
Immediate lifting of restrictions on XRP.
The document proposes an aggressive implementation of XRP in the US financial system, including its integration into government payments and banking operations, as well as using freed-up funds to purchase Bitcoin.
