XRP Adoption Rumors Debunked: No, Congress Isn’t Buying at $10,000
XRP adoption rumors claiming that the U.S. Congress plans to buy Ripple’s XRP at $10,000 and replace the U.S. dollar have gone viral. A fact-check by COINOTAG finds no official statement, bill, or regulatory filing to support these XRP adoption rumors. Analysts note that interest in dedollarization among BRICS nations has increased curiosity about alternative settlement assets such as XRP, but this does not equate to formal government adoption. Ripple has partnerships in several BRICS jurisdictions, yet neither BRICS officials nor Ripple have confirmed plans for a unified digital currency based on the XRP Ledger. Market observers stress that any U.S. move to adopt a digital asset as legal tender would require lengthy legislative and public processes, which are completely absent. Traders are urged to rely on reputable sources, watch regulatory developments, and avoid reacting to unverified social-media claims. In the short term, the debunked story is expected to have minimal price impact, though it highlights ongoing speculation around strategic crypto use in cross-border finance.
Neutral
The article simply debunks unverified claims about U.S. congressional purchases of XRP and dollar replacement. Because no official action or policy shift is involved, there is no fundamental catalyst for price movement. Similar rumor-driven episodes in 2017 and 2021 produced only brief volatility that faded once clarified. Without legislative backing, market structure, or liquidity changes, the news neither adds upward nor downward pressure to XRP or the broader crypto market.