China Did Not Approve $40B XRP Reserve
- China has not approved XRP as a national reserve.
- No official statements from Ripple or China confirm the rumor.
- No institutional data supports China’s $40B XRP reserve claim.
Rumors suggesting China has approved a $40 billion XRP reserve have been proven false, with no official confirmations from Ripple or Chinese sources.
This misinformation raises concerns, but market reactions tied to U.S. regulations remain unaffected, highlighting no Chinese financial shifts.
No Official Endorsement of XRP by China
No official validation exists for China’s claimed $40 billion XRP reserve. No statements from Ripple executives or Chinese government sources confirm such a move.
Ripple executives and Chinese authorities have not acknowledged the rumor. On-chain data lacks evidence of Chinese transactions linked to XRP.
XRP Market Unmoved by Chinese Rumor
The XRP community debates but dismisses the approval claim, viewing it as speculation. No market trends indicate any significant Chinese actions.
Market factors, such as the U.S. regulatory landscape, drive XRP interest. China’s alleged involvement remains unsubstantiated without financial or political shifts.
No Precedent for Crypto as National Reserve
Historically, no nation-state has designated a Layer 1 cryptocurrency as a sovereign reserve asset. Similar rumors about XRP have previously circulated without resulting actions.
Brad Garlinghouse, CEO, Ripple, stated, “There have been no official statements from Ripple executives regarding a $40B XRP reserve move by China.”
Given past rumors and analytics, experts predict no immediate policy changes or impacts deriving from the current misinformation about China’s XRP allocation.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
