The SEC publishes a document on XRP as a strategic financial asset for the US.
The SEC website published a document titled Comprehensive Proposal: XRP as a Strategic Financial Asset for the US.
This report outlines how XRP could be integrated into the US national financial strategy.
The document also addresses President Donald Trump's statements about the creation of a Strategic Reserve for cryptocurrencies.
The US Securities and Exchange Commission (SEC) website published a document titled "Comprehensive Proposal: XRP as a Strategic Financial Asset for the US," immediately sparking intense debate in financial and technology circles.
This report outlines how XRP, the cryptocurrency developed by Ripple Labs, could be integrated into the US national financial strategy, also highlighting the role of other cryptocurrencies in this context.
XRP as a Strategic Asset: Reasons and Benefits
The first section of the document argues that government adoption of XRP could free up up to 30% of the $5 trillion the United States holds in Nostro accounts globally, equivalent to approximately $1.5 trillion.
Furthermore, it is estimated that this measure could generate annual savings of $7.5 billion in transaction fees. These freed funds could be used to purchase Bitcoin (BTC), considered in the report as a strategic reserve asset.
The document also recognizes the importance of other cryptocurrencies, such as Solana (SOL) and Cardano (ADA), suggesting their integration into the US digital infrastructure to improve the efficiency and security of government applications. However, it emphasizes that XRP would be the key asset for government financial transactions.
To facilitate XRP adoption, the document proposes that the SEC declare it a payment network rather than a security, and that the Department of Justice (DoJ) lift relevant banking restrictions.