- Edoardo Farina sparks fresh debate with claims of U.S. Treasury control over XRP escrow.
- Ripple’s banking ambitions gain attention as speculation resurfaces around government ties.
- Mixed reactions emerge as crypto community demands proof behind bold XRP escrow allegations.
Fresh claims regarding a covert link between the United States Treasury and XRP’s escrow have reignited debate across the crypto community. Edoardo Farina, CEO of Alpha Lions Academy, recently posted on X, asserting that the US Treasury quietly obtained partial control of XRP escrow in 2020.
According to Farina, this supposed acquisition took place without public disclosure or confirmation from Ripple or government entities. He encouraged fans to buy XRP in anticipation of what he called the following big announcement, alluding further since early January when he made his supposed claim to fame.
In 2017, Ripple launched what it describes as an escrow system on XRP aimed at controlling the distribution of XRP tokens using a release schedule. Ripple put 55 billion XRP in escrow and released between 500 million and 1 billion XRP every month. Any unspent sum is reserved again for escrow, keeping token circulation clear and predictable.
The structure is challenged by Farina, who implies that the escrow is subject to the influence of the US government. None of the federal regulatory or Ripple officials has issued any formal declaration or documented deal to rely on this claim. Nevertheless, it is still spread within the XRP community quarters.
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Community Reactions Intensify Amid Ripple’s Institutional Expansion
The post triggered mixed responses on social media, with some users embracing the idea of strategic government involvement in digital assets. An X user, Caspian, framed it as a signal of more profound shifts in financial systems, implying a potential alignment between XRP and institutional frameworks.
Others remained skeptical, with a user identified as /chemicalbeats questioning the authenticity of the claim and demanding more unmistakable evidence. The absence of regulatory filings or confirmations has left many unconvinced.
Farina further echoed an opinion that Ripple is on its way to achieving the status of a full-scale banking platform. He argued that the criticism that has been leveled against this prediction in the past was being proved wrong by events as they unfolded. Nevertheless, Ripple has not announced anything about such a transition.
Ripple’s extended role in cross-border payments and its collaboration with central banks have attracted attention. Its new licensed stablecoin- RLUSD, backed by a US dollar- adds to the speculation of what it would do in the future regarding institutional use.
While the Treasury claim remains unverified, the renewed attention reflects the ongoing tension between speculation and official transparency. Ripple has not responded to the resurfaced allegation. Until it does, Farina’s statement will remain unconfirmed.
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