{"id":3644,"date":"2025-06-21T19:15:24","date_gmt":"2025-06-21T19:15:24","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrps-safe-for-now-ripple-lawyer-dismisses-government-seizure-claims\/"},"modified":"2025-06-21T19:15:24","modified_gmt":"2025-06-21T19:15:24","slug":"xrps-safe-for-now-ripple-lawyer-dismisses-government-seizure-claims","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrps-safe-for-now-ripple-lawyer-dismisses-government-seizure-claims\/","title":{"rendered":"XRP\u2019s safe, for now, Ripple lawyer dismisses government seizure claims"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ripple\u2019s legal counsel Bill Morgan has dismissed speculation that the U.S. government could seize XRP tokens from the company\u2019s escrow accounts for national reserve purposes.<\/p>\n<p>Morgan\u2019s blunt \u201cNo it won\u2019t\u201d response countered analyst John Squire\u2019s claims about potential government confiscation of Ripple\u2019s XRP holdings.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">No it won\u2019t. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/48zQvTBUg9\" target=\"_blank\">https:\/\/t.co\/48zQvTBUg9<\/a><\/p>\n<p>\u2014 bill morgan (@Belisarius2020) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Belisarius2020\/status\/1936284120604459234?ref_src=twsrc%5Etfw\" target=\"_blank\">June 21, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h3 class=\"wp-block-heading\">Technical transfer mechanisms exist but face limitations<\/h3>\n<p>XRPL validator \u201cVet\u201d outlined a theoretical mechanism for transferring escrowed XRP to government control without waiting for scheduled releases. The process would involve setting the regular key of XRP escrow accounts to a government-controlled address, enabling complete transfer through a single XRPL transaction.<\/p>\n<p>However, Ripple senior software engineer Mayukha Vadari noted significant limitations with this approach. \u201cWouldn\u2019t work if you only wanted to do a partial transfer, though \u2014 it\u2019s an all-or-nothing solution,\u201d Vadari explained, highlighting the inflexibility of the proposed mechanism.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Correct, every account could only be &#8220;transferred&#8221; to one address. But there are many accounts out there, instead of one account with many escrows.<\/p>\n<p>\u2014 Vet (@Vet_X0) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Vet_X0\/status\/1896370501033119752?ref_src=twsrc%5Etfw\" target=\"_blank\">March 3, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">SEC settlement process continues<\/h3>\n<p>Morgan has provided detailed updates on the SEC v. Ripple settlement negotiations, which began with Ripple signing an agreement on April 23, followed by SEC approval on May 8. The parties have successfully obtained court approval to hold appeals in abeyance through June 16.<\/p>\n<p>The settlement process has encountered procedural complications. Judge Torres initially denied the parties\u2019 first joint motion due to technical errors. A second joint motion addressing Rule 60 requirements was filed on June 12, seeking proper court approval for the settlement terms.<\/p>\n<p>The agreed settlement reduces Ripple\u2019s fine to $50 million and dissolves the injunction against XRP (XRP) sales. Upon completion, both the appeal and cross-appeal will be dismissed, ending the multi-year litigation.<\/p>\n<p>Legal experts note that government seizure of cryptocurrency assets typically requires criminal conduct or national security threats. Ripple\u2019s civil SEC case does not provide grounds for asset forfeiture, as the settlement acknowledges no criminal wrongdoing.<\/p>\n<p>The company\u2019s escrow structure, designed to provide market stability through controlled XRP releases, remains intact throughout the settlement process.<\/p>\n<p>Ripple holds approximately 50 billion XRP in escrow accounts and releases up to 1 billion tokens monthly based on market conditions. This systematic approach has provided predictability for XRP markets and institutional users.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple\u2019s legal counsel Bill Morgan has dismissed speculation that the U.S. government could seize XRP tokens from the company\u2019s escrow accounts for national reserve purposes. Morgan\u2019s blunt \u201cNo it won\u2019t\u201d&hellip;<\/p>\n","protected":false},"author":1,"featured_media":672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=3644"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3644\/revisions"}],"predecessor-version":[{"id":3645,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3644\/revisions\/3645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/672"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}