The post SEC To Declare XRP as Official US Strategic Reserve Asset? Community Says ‘Fake News’ appeared first on Coinpedia Fintech News
A viral fake rumour swept the internet yesterday, and the crypto community did not keep calm. Rumors claimed that the SEC was set to declare XRP as an official U.S. strategic reserve asset, with a major announcement seemingly coming from Paul Atkins at 1:00 PM EST.
However, the XRP community quickly called for sources, as there was no official confirmation or announcement regarding this development. “So in less than 30 minutes we will hear that XRP is the strategic reserve?” a user questioned, which showed skepticism.
In a recent interview with Bloomberg Markets, Ripple CEO Brad Garlinghouse expressed optimism about XRP’s future, suggesting that it could be included in the White House’s proposed digital asset stockpile. He also expressed confidence that an XRP ETF will launch by the end of the year.
ProShares XRP ETF Not Launching On April 30
XRP led the altcoin rally yesterday, gaining over 7%, following the SEC’s approval of ProShares’ XRP Futures ETFs. However, Bloomberg ETF analyst James Seyffart clarified that there is no official launch date yet. The false reports were based on an outdated regulatory filing, which led to widespread confusion online.
He said that a launch is expected in the near future. ProShares also confirmed that no ETF launches are scheduled for April 30. Meanwhile, the SEC has yet to approve any spot Ripple ETF applications, with firms like Grayscale, Bitwise, and Franklin Templeton still waiting for a decision.
Polymarket, a crypto-betting platform, now gives a 78% chance of a U.S. XRP spot ETF approval by December 2025, down from 87% in March but up from 68% in April. XRP is currently trading at $2.28, down slightly by 0.2% in the last 24 hours, but up 9.5% over the past week.