Recent discussions in the crypto community touch on the possibility of U.S. government control over Ripple’s escrow following the expansion of federal stakes in private companies.
Expansion of Government Stakes in Private Firms
Kevin Hassett, Director of the National Economic Council, confirmed plans for Washington to expand its strategy of acquiring positions in private companies. This statement followed a recent purchase of nearly 10% of Intel.
XRP Escrow as a Potential Target
In light of these developments, analyst Zach Rector pointed to Ripple’s escrow as a potential area of interest. Ripple currently controls 35.6 billion XRP across 14 escrow wallets, valued at around $100 billion.
Technical and Legal Considerations
Experts noted that Ripple could technically transfer its escrow control by changing access keys. However, many remain skeptical about such a move. Legal experts also highlight that XRP might be viewed as a national strategic asset.
Speculation surrounding the potential for U.S. government control over Ripple’s escrow remains relevant amid the expansion of federal investments in the private sector.
