After tightening the long legal cord under Biden’s leadership, Ripple finally holds a break. Reports indicate that President Donald Trump’s team is looking forward to XRP as a major player in building a BOTCOIN (BTC).
A new proposal presented to the United States indicates that the Securities and Stock Exchange Committee indicates that XRP can play a major role in strengthening the American financial system. The plan claims that merging XRP can open $ 1.5 trillion in liquidity, which can then be used to buy bitcoin. However, this idea faces major organizational obstacles, and it is still unclear whether the government will take it seriously.
How XRP can free money besieged
Five pages an offer Maximilian Staudinger suggests that the United States should consider the use of XRP to edit capital stuck in Nostro accounts. These accounts, used in cross -border transactions, carry about 27 trillion dollars worldwide, with about $ 5 trillion belonging to American banks. Using XRP, Staudinger believes that 1.5 trillion dollars can be launched and redirect towards bitcoin purchasing.
Staudinger also suggests a regulatory reserve system for the United States. It argues that Bitcoin should be in the center, while Solana and Cardano can be used for government applications. However, it insists that XRP is the most important assets for dealing with financial transactions.
Bitcoin claims raise questions
One of the most doubtful parts of the proposal is the claim that the United States can buy 25 million bitcoins at $ 60,000 per currency. This is impossible because the total bitcoin offer is only 21 million. However, the proposal argues that the use of XRP can provide the United States up to $ 7.5 billion of transaction fees annually and government payments, such as social security operations and tax recovery, faster and cheaper.
Organizational challenges stand on the way
Despite his ambitious plan, the proposal faces a large setback – the XRP is not clear. Staudinger SEC urges the XRP classification as a payment asset instead of safety. It also calls on the Ministry of Justice to raise the restrictions that prevent banks from using XRP.
To accelerate matters, he suggests an executive order for the presidency to overcome the organizational delay. His plan includes two schedules of time schedules: a standard 24 -month standard with standard organizational approval, government payments, banking approval, or choosing a fast -track schedule from 6 to 12 months using executive requests and federal reserve delegations for Rapid Integration XRP. Despite his ambition, the rapid approach can work in view of the current global liquidity network in Ripple.
Will this proposal go anywhere?
Although the idea seems interesting, independent proposals such as these usually do not gain a lot of traction unless the major financial institutions or government officials are supported. Without strong support, this remains a bold idea instead of a plan that the United States likely to adopt any time soon.
