XRP as a Strategic Liquidity Device
Maximilian Staudinger, the proposal’s creator, helps a structured strategy to a US crypto reserve. He suggests putting Bitcoin on the core whereas utilizing Solana and Cardano for presidency purposes. Nevertheless, he believes XRP is your best option for monetary transactions.
In accordance with Staudinger, integrating XRP into the monetary system might unencumber $1.5 trillion of the $5 trillion tied up in US Nostro accounts. He claims this liquidity may very well be redirected to Bitcoin purchases.
Past liquidity, the proposal suggests XRP might save the US as much as $7.5 billion yearly on transaction charges. It additionally proposes utilizing XRP for presidency funds, comparable to tax refunds and Social Safety.
Regulatory Hurdles Stay
Regardless of its bold targets, the proposal faces regulatory challenges. Staudinger urges the SEC to categorise XRP as a cost asset somewhat than a safety. He additionally suggests lifting banking restrictions on XRP-based options.
To speed up adoption, he proposes a presidential government order. His plan features a two-year timeline or a quicker six- to twelve-month implementation.
Nevertheless, unbiased proposals like this hardly ever achieve traction except backed by main monetary establishments or regulatory our bodies.