MEXCXRP Could Qualify for U.S. Strategic Reserve; Here’s How
Highlights
- New Hampshire's HB 302 Bill enables adoption of cryptocurrencies with $500B market cap as reserve assets.
- This sparks speculation of XRP becoming a strategic reserve if the market cap hits $500B.
- XRP's market cap is $125B, but growing demand and adoption hint at its potential.
In the latest development within the Ripple ecosystem, the XRP token is on the radar for a potential game-changer. With the New Hampshire Digital Asset Reserve law passed, experts predict XRP’s inclusion in the reserve, sparking widespread enthusiasm.
Is a strategic XRP reserve possible? Of course, yes, say legal experts. However, there’s still a condition that the token needs to meet.
This article explores the possibility of an XRP reserve and its requirements. Let’s dive into the details and what this could mean for Ripple’s future.
Strategic XRP Reserve on the Horizon? Expert Weighs In
In response to the recent HB 302 Bill passed by New Hampshire, legal expert Fred Rispoli has shared insights on the potential adoption of Ripple’s XRP as a crypto reserve. The law authorizes the State Treasurer to invest in cryptocurrencies with a market cap exceeding $500 billion—a criterion currently met only by Bitcoin. Rispoli wrote on his X post, “According to this law that was passed, if XRP hits a $500B market cap this year then it is also eligible for the NH digital asset strategic reserve in 2026!”
According to Rispoli’s X post, XRP is likely to be adopted as a Strategic Reserve in New Hampshire if the token’s market cap surges past $500 billion. Currently ranked 4th with a market cap of $125.25 billion, this milestone seems ambitious. However, the coin’s growing demand and adoption suggest it’s not entirely out of reach.
Government Bonds: A Revolutionary Idea
In a parallel development, Black Swan Capitalist proposed a bold concept involving XRP. He sparked a lively debate on introducing XRP-backed government bonds. According to the proposal, the US government could issue debt instruments denominated in Ripple’s coin, offering investors a fixed yield and redemption at maturity. This move aims to modernize sovereign debt markets with blockchain technology for improved efficiency and transparency.
This increased use case, coupled with the growing institutional adoption of the Ripple token, significantly bolsters Fred Rispoli’s prediction. The speculation is further intensified by emerging reports that US banks are exploring XRP adoption.
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