Rumors regarding the seizure of XRP tokens held in escrow by Ripple have been denied by the company's legal counsel. This statement was made amid significant discussion on social media.
Denial of Rumors
Ripple's legal counsel, Bill Morgan, denied rumors that the U.S. government plans to seize XRP tokens. In response to a widely circulating tweet about the potential seizure, Morgan stated simply, 'No, it won't.'
Current Speculations
Speculation surrounding XRP intensified after the announcement that Ripple released 1 billion XRP from its escrow, raising concerns that these tokens could be used to back a U.S. government-supported digital reserve. Activists like John Squire raised questions about the U.S. approach to crypto reserves.
Rumors of SWIFT Partnership
Some rumors focused on the potential integration of the XRP Ledger into the global SWIFT system. Although Ripple has successfully partnered with several major banks, claims about potential collaboration with SWIFT seem largely speculative. Nonetheless, if such partnership materializes, it would mark a significant achievement for blockchain's integration into traditional finance.
Speculation surrounding XRP continues; however, many professionals in the crypto industry urge caution and call for substantial proof to prevent further rumors about Ripple's tokens.
