A prominent figure in the crypto community, DOQ Holiday, and the founder of the DOQ token, painted a hypothetical situation where Ripple Labs could lose all its assets including its XRP stash. According to him, the United States Department of Treasury could confiscate all of Ripple’s assets if it is found guilty of human rights abuse and corruption in the country.
DOQ noted that under the Trump EO 13818 executive order, the U.S. government has the right to seize all assets of companies involved in these types of violations. He emphasized that if it was proven beyond doubt that Ripple and XRP were created by a “cabal” to harm American citizens, the Department of Treasury could snatch everything.
It is important to note, however, that this is a hypothetical situation and does not in any way imply that Ripple is violating human rights. The case between Ripple and the SEC only touches on the past sales of XRP on crypto exchange platforms and the alleged aiding and abetting of these sales by Ripple executives, Brad Garlinghouse and Chris Larsen.
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Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.