The U.S. SEC recently received a proposal on how the U.S. government could benefit from leveraging XRP as a strategic financial asset, but there’s a catch.
A newly surfaced document proposes that the U.S. government leverage XRP as a strategic financial asset, arguing that this could free up massive financial liquidity, reduce transaction costs, and solidify the nation’s position in the evolving digital economy.
Submitted to the SEC by Maximilian Staudinger, the proposal outlines a multi-phase plan to integrate XRP into the U.S. financial system, eliminate regulatory roadblocks, and even establish a national Bitcoin reserve.
However, the document also contains impractical suggestions, such as purchasing more Bitcoin than actually exists. This has added to the questions around its feasibility. Further, the document does not appear to be affiliated with the SEC.
XRP National Adoption
For context, Staudinger’s proposal centers around integrating XRP into the U.S. banking system, stressing that the asset has the potential to unlock capital currently tied up in global Nostro accounts.
According to the document, an estimated $27 trillion is stored in Nostro accounts worldwide, with the U.S. holding around $5 trillion. The proposal claims that by replacing traditional liquidity mechanisms with XRP, $1.5 trillion could be released, providing economic flexibility.
Additionally, the proposal suggests that shifting financial transactions to XRP could lead to an estimated $7.5 billion in annual transaction savings. It also argues that XRP could be used for government payments, including IRS tax refunds and Social Security distributions.
A Regulatory Overhaul to Clear XRP Path
To fully integrate XRP, Staudinger’s proposal calls for legal and regulatory changes. It recommends that the SEC officially classify XRP as a payment asset rather than a security and reach a settlement with Ripple.
Additionally, it urges the Department of Justice (DOJ) to remove restrictions preventing banks from utilizing XRP-based solutions. The document suggests that a presidential executive order could accelerate this process by overriding regulatory roadblocks.
While the document outlines a standard two-year implementation timeline, it also proposes an accelerated six- to twelve-month plan.
Notably, this would require immediate regulatory approvals through executive orders, fast-tracked government XRP trials, and mandates forcing banks to integrate XRP for liquidity solutions.
Interestingly, the proposal boldly suggests that the Federal Reserve and the Office of the Comptroller of the Currency (OCC) enforce XRP adoption, presenting it as a national financial tool.
A Highly Ambitious and Unrealistic Bitcoin Reserve Plan
One of the claims in the document is a plan for the U.S. to establish a Bitcoin reserve by acquiring 25 million BTC. However, this is factually impossible, as Bitcoin’s total supply is capped at 21 million.
Even if the U.S. government attempted to acquire all Bitcoin in circulation, that would be practically impossible amid market limitations.
The proposal assumes that $1.5 trillion in freed capital could be directly reinvested into Bitcoin, but this level of acquisition would be unfeasible without severely disrupting the crypto market.
Not an Official SEC Document
While the proposal has gained attention after being published on the SEC’s website, it is important to clarify that this does not indicate any official SEC endorsement. XRPL dUNL validator Vet also stressed this in a post on X.
Anyone can submit proposals and comments to the SEC and within a short review time it's posted on the website.
This is not a document authored by the SEC itself regarding a XRP Strategic Reserve. pic.twitter.com/TdmEg82rz3
— Vet (@Vet_X0) March 13, 2025
For context, the SEC allows individuals to submit proposals and public comments, which are then archived online. This particular document does not reflect an official agency position or an active discussion within the SEC regarding an XRP strategic reserve.
Staudinger or someone else likely submitted it through a public SEC portal, such as the EDGAR system or a comment form. The SEC does not fact-check or endorse such submissions; they remain publicly accessible as part of regulatory transparency.
Meanwhile, little is known about Maximilian Staudinger. His name appears on the official website of Deutsche Vermögensberatung Aktiengesellschaft (DVAG), a German financial services firm, identifying him as a financial advisor from Monheim.
DVAG, headquartered in Frankfurt, specializes in financial planning services across Germany, Austria, and Switzerland.
Staudinger has previously advocated for XRP’s potential as a strategic asset. In a discussion on X, he attempted to explain XRP’s advantages to gold advocate Peter Schiff. This exchange occurred after President Donald Trump mentioned XRP as part of a potential national crypto reserve earlier this month.
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