Bill Morgan debunks claims of US seizing Ripple’s XRP escrow for national reserves, calling rumors baseless despite XRP’s $2.2B unlock.
Speculation about the U.S. government potentially seizing Ripple’s XRP escrow for a national crypto reserve has intensified, but Ripple-affiliated lawyer Bill Morgan has firmly dismissed these claims. On June 21, 2025, Morgan posted on X, “No, it won’t,” shutting down rumors of a government plan to acquire Ripple’s XRP holdings.
US Government Seizing Ripple’s XRP Escrow Unlikely, Experts Say
The rumors gained traction following Ripple’s release of 1 billion XRP from escrow in early June, split into three transactions (500M, 300M, and 200M), valued at over $2.2 billion. Social media influencers like John Squire and Pumpius fueled the speculation, with Pumpius comparing the idea to the once-unlikely approval of Bitcoin ETFs, suggesting unexpected developments are possible.
Meanwhile, claims that the Federal Reserve uses XRP for its FedNow payment system have surfaced. A viral X post declared XRP’s use “100% confirmed,” but no official evidence supports this. While Volante Technologies, a FedNow pilot partner, has integrated Ripple’s blockchain for cross-border payments, there’s no confirmation of XRP itself being used in FedNow transactions.
The speculation aligns with President Donald Trump’s push for a U.S. Strategic Bitcoin Reserve, which may include altcoins like XRP, Solana (SOL), and Cardano (ADA). The nearing resolution of Ripple’s SEC lawsuit has further sparked optimism about XRP’s potential role in a national reserve. However, without verified evidence, claims about XRP’s inclusion or escrow seizure remain speculative. Ripple’s technology continues to gain traction in global payment systems, but concrete developments are needed to substantiate these rumors.
