Attorney Dismisses Rumors of XRP Seizure for US Reserves
Rumors have circulated that the US government plans to include XRP in its national reserves by seizing Ripple’s escrowed tokens. Crypto analyst John Squire and commentator Pumpius on X suggested that XRP could be repurposed alongside existing plans for a Strategic Bitcoin Reserve and other digital asset stockpiles. However, prominent attorney Bill Morgan firmly denied any intention to appropriate Ripple’s XRP holdings, calling the claims unfounded. The ongoing Ripple vs. SEC lawsuit is nearing resolution, fueling speculation about XRP’s regulatory status and institutional adoption. Several companies—including Trident Digital, Webus, VivoPower, and Wellgistics—have announced strategic XRP treasuries, underscoring growing corporate interest. Despite these developments, XRP’s price dipped 1.1% amid a broader market correction, and there is no evidence that the US will tap escrowed tokens for national reserves.
Neutral
The refutation by a prominent attorney defuses uncertainty around the alleged seizure of XRP escrow, limiting immediate market impact. Similar past rumors—such as unfounded ETF blockage claims—have led to short-lived volatility. With regulatory clarity pending in Ripple’s SEC lawsuit and growing institutional treasury announcements, XRP’s long-term outlook remains tied to legal outcomes rather than speculative reserve moves. Short term, traders may see minor fluctuations, but the denial suggests stability ahead.