SEC Website Proposal Suggests XRP as a Core Component of US Financial Infrastructure
A document advocating for the strategic utilization of XRP as a pivotal financial asset has surfaced on the official platform of the United States Securities and Exchange Commission (SEC).
Advocacy for Wide-Ranging Regulatory Reforms to Establish XRP Payment Infrastructure and predictably, the expansive proposal incorporates a suite of actionable recommendations intended to enable the efficient assimilation of XRP throughout the American financial ecosystem.
A cornerstone recommendation calls for presidential executive action in the form of a formal executive order.
Building upon this initial executive mandate, the proposed multi-phased action plan delineates subsequent legislative steps.
It advocates for the promulgation of federal legislation that would impose a mandatory adoption framework for banks to integrate XRP into their operational protocols.
Further legislative measures are suggested to mandate the Federal Reserve and the Office of the Comptroller of the Currency to require, as a matter of regulatory compliance, that banking institutions utilize XRP as a primary alternative to traditional Nostro account mechanisms.
The document gives specific consideration to the prevailing legal uncertainties arising from the unresolved SEC versus Ripple litigation, underscoring the indispensable need for definitive legal clarity in this domain.
It estimates a potential implementation timeline ranging from 12 to 24 months, contingent on the selection of either a conventional or an accelerated procedural pathway.
Cryptocurrency Community Responses and Interpretative Context
Frank Corva, a political affairs correspondent associated with Bitcoin Magazine, openly challenged the proposal’s underlying logic in a publicly disseminated opinion editorial.
Corva contended that the proposal’s fundamentally flawed reasoning undermines the credibility of classifying XRP as a strategic national asset.
Furthermore, it is not readily apparent why the US government would proactively adopt such an asset given the readily acknowledged fact that a significant proportion—approximately two-thirds—of the total XRP supply remains under the direct control of the private entity responsible for its initial issuance.”
While the visibility of this proposal on the SEC’s platform has undeniably generated considerable public attention, some informed observers have clarified that the SEC website functions as a conduit for accepting and publishing a wide spectrum of unsolicited submissions and public comments.
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