- The US stock exchange supervision SEC has a memorandum, according to which the integration of XRP can give the US banking system $ 1.5 trillion dollar additional liquidity.
- In it, a German financial advisor calls on the SEC to classify XRP as a means of payment and to agree with Ripple in order to enable complete XRP integration.
Maximilian Staudinger, a financial advisor from Germany, has the Submit submitted which would meet Riples XRP’s potential as a strategic financial instrument for the United States. He estimates that the global traditional nostro accounts of the classic interbank system-these are the foreign currency accounts that banks entertain at other banks-are currently $ 27 trillion, of which $ 5 US financial institutions belong.
Staudinger suggests that the financial system could release 30 % of this capital by using XRP to rationalize cross-border transactions, which would make significantly more than one and a half billion dollars more accessible liquidity in the US banking system.
In addition to the liquidity, the proposal also indicates considerable cost savings. In the case of transaction fees of currently 0.5 %, $ 7.5 billion of transaction costs could be saved annually by switching to XRP.
The further vision of the proposal is to use the freedom to buy 25,000,000 Bitcoin at an average price of $ 60,000 per token and thus lay the foundation for a national Bitcoin reserve in the United States.
Regulatory framework for XRP
The XRP Legal Clarity Pathway aims at the regulatory conflict between the SEC and the Department of Justice (DOJ) regarding the Classification and use from XRPto solve. In the proposal, it is recommended to classify XRP as a payment network and not as a securities and to request the SEC to clarify the status of XRP and to achieve an agreement with Ripple Labs. In addition, the DOJ is asked to highlight the restrictions on banks when using XRP and ask the Federal Reserve and the Office of the Compotroller of the Currency (OCC) to integrate XRP into financial policy as a liquidity solution.
The 24-month implementation plan provides for a step-by-step approach: an initial 3-6-month phase that focuses on official approval, including an agreement with the SEC and the legal approval by the DoJ; A 6-12-month pilot program for the integration of XRP into state payment systems, such as: B. Tax refunds of IRS and social security; And a 12-24-month phase in which the banks pass to the XRP-based nostro replacement, which leads to a complete takeover. Over the period of two years, the plan also provides for the gradual structure of a Bitcoin reserve using the releasing liquidity.
Donald Trump’s statements A Bitcoin reserve have led to uncertainties regarding the US government’s crypto strategy. While Bitcoin is considered a strategic digital reserve, other cryptocurrencies such as XRP, Solana (SOL) and Cardano (ADA) could play an important role in the digital economy. XRP is suitable for financial transactions at the state level, Solana for high-speed blockchain applications and Cardano for academic ID cards and intelligent contracts. However, only XRP is recommended to be integrated into the digital infrastructure of the USA for financial transactions, while Solana and Cardano would improve efficiency and security of state applications.
Today becomesXRP traded at $ 2.33which reflects a decline of 2.07 % in the last 24 hours, but an increase of 7.08 % last week. It is noteworthy that the trading volume has increased by 54.52 % to $ 4.19 billion, which indicates an increased market activity. In the meantime, Bitcoin remains under the $ 85,000 mark, with current prices by $ 83,536, and recorded a decrease of 1.09% in the last 24 hours.
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