Trump’s Secret XRP Reserve: A Twist in the Ripple vs. SEC Saga

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In a recent post on X, attorney Jeremy Hogan from Hogan & Hogan P.A. – a name well-known within the XRP community for his legal insights on the ongoing Ripple vs. SEC lawsuit – has proposed an idea that has sparked quite the debate. Hogan suggests that the US government could establish XRP as part of a strategic reserve, for reasons no one really talked about before.

Could Trump Have a Secret XRP Stash?

“Let me just throw out a thought on XRP as part of a US digital asset strategic reserve,” Hogan posted. “Almost everyone on crypto-X is looking at the issue from a ‘crypto’ perspective. Is it decentralized? How are validators chosen? Etc. None of that really matters to the Federal Government.”

Hogan’s perspective diverges from the typical conversation among crypto enthusiasts, who often focus on decentralization and validator governance. Instead, he points out that government agencies might be more concerned with utility and control. “A strategic reserve is an asset (ie. gold, oil) that the government believes it should hold in reserve in order to protect the people from something,” Hogan explained. “IF the US Government chooses to hold XRP in a reserve, it will be because it thinks there is a benefit, maybe a hedge, against some future contingency.”

He went further, suggesting the government may possess classified insights into potential geopolitical tensions or economic events where holding XRP could prove advantageous. Hogan even broached the idea that if Ripple itself were to act counter to US interests, officials could use powers akin to World War II-era industry takeovers or the 1933 gold confiscation.

“And maybe, just maybe, the US Government has greater insight into geopolitical events that would necessitate the need to have a store of XRP in the future than ‘Joe Smith’ Bitcoin enthusiast,” Hogan continued. “And maybe the US Government knows that if Ripple were to do anything to jeopardize the XRP network, etc., it could simply take control of Ripple (think WWII) or confiscate the XRP in escrow (think 1933 gold).”

Hogan’s thread attracted multiple reactions from the community. One user, Hememan, commented, “Dude. That’s brilliant. Made in USA holds implication for a lot of things in this scenario. And you’re exactly right about not fully decentralized. That has no bearing on govt ownership or hedging.” Hogan responded, “It doesn’t matter to them at all. Centralized is much easier to control – they probably like that even more (not saying it’s true though).”

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2025-02-03 13:43