Ripple Lawyer Rejects Possibility of US Government Taking All XRP in Escrow

Ripple Lawyer Refutes Speculation About US Government and XRP Escrow Ripple's chief lawyer has denied all rumors about the US government's intention to seize XRP in the near future. In the context of social media posts suggesting XRP could be used as a digital reserve by the government, Ripple's lawyer clarified the stance. Bill Morgan, a prominent lawyer closely linked to the project, confirmed that there is no possibility of the US government seizing Ripple's XRP escrow, refuting false information. Morgan shut down the spread from the online community, including activist John Squire, about the US government accessing Ripple's cryptocurrency reserves. The clear message helped ease the negative perception of XRP. For instance, Pumpius, an influential figure in the community, noted that while rumors about XRP escrow seem hard to believe, he does not rule out the possibility of them being true. He compared the XRP situation to the emergence of Bitcoin ETF, which initially seemed impossible but ultimately became a reality. According to reliable sources, these rumors originated from Ripple's release of 1 billion XRP from escrow, including three separate transactions: 500 million, 300 million, and 200 million XRP, valued at over $2.2 billion. Notably, this is not the first time the company has been subject to speculation involving the US government. Previously, there were rumors that Ripple might have proposed the US government hold up to 45% of XRP to access the market or resolve legal disputes with the SEC. Another speculation revolves around Ripple potentially integrating the XRP Ledger into the global SWIFT payment system. However, many of these rumors have been greatly exaggerated, with no clear evidence to verify them. While Ripple has collaborated with many large banks to support cross-border payments, information related to SWIFT is largely speculative. However, if realized, this would be a significant step in combining blockchain with traditional finance. Recently, Ripple acquired the global investment banking platform Hidden Road for $1.25 billion and launched the stablecoin RLUSD, aiming to expand its influence in traditional financial services, thereby raising speculation about SWIFT collaboration. While XRP rumors continue to rise, the community remains skeptical. Some experts demand clear evidence to verify these claims, avoiding misunderstandings or unnecessary debates. In the blockchain world, events like Ripple collaborating with SWIFT or the US government seizing XRP remain potential, but always require verified evidence to ensure investor safety and stable cryptocurrency market development.