On March 14, 2025, Maximilian Staudinger submitted a proposal to the U.S. Securities and Exchange Commission (SEC) advocating for XRP as a key financial tool in the U.S. economy. This detailed document highlights how XRP could revolutionize the banking system and bolster the country’s financial health, offering a bold vision for cryptocurrency integration.
The proposal reveals that XRP has the potential to unlock up to $1.5 trillion currently tied up in Nostro accounts—special accounts banks maintain overseas for international payments. In the U.S. alone, these accounts hold approximately $5 trillion. By replacing the outdated SWIFT system with XRP, banks could free up 30% of this capital—$1.5 trillion—to reinvest into the economy. Additionally, this shift could save the banking sector $7.5 billion annually in transaction fees. Staudinger even suggests using some of this freed-up capital to purchase Bitcoin, laying the foundation for a national cryptocurrency reserve.
To unlock XRP’s full potential, Staudinger urges the SEC to reclassify XRP as a payment network rather than a security, resolving the ongoing legal uncertainties surrounding Ripple, the company behind XRP. The proposal also calls on the Department of Justice (DOJ) to lift restrictions that currently prevent banks from adopting XRP solutions. A 24-month implementation plan outlines the steps: first securing legal clearance, then piloting XRP for government payments like tax refunds and Social Security, and finally integrating it into the broader banking system—potentially culminating in a Bitcoin reserve.
For a quicker rollout, Staudinger proposes an accelerated timeline. A Presidential Executive Order could expedite legal clearance within 1-3 months, while a Treasury-backed pilot program could begin testing XRP in government payments in just a few months. Full banking adoption might be achieved in under a year, with a national Bitcoin reserve established within 6-12 months. This ambitious fast-track approach aims to position the U.S. as a leader in the digital currency space.
The financial benefits outlined in the proposal are striking. By adopting XRP, the U.S. banking system could save $7.5 billion annually in transaction fees and unlock $1.5 trillion in capital. This liquidity could fund investments in Bitcoin, strengthening the U.S.’s foothold in the digital currency market. Beyond banking, the document estimates federal savings of $500 billion over a decade on payment costs, such as IRS refunds and Social Security disbursements, redirecting those funds to economic growth or digital reserves.
Staudinger distinguishes XRP’s role from other cryptocurrencies like Solana and Cardano. While Bitcoin could serve as a national reserve asset, XRP is positioned as the backbone for efficient financial transactions—streamlining payments for both government agencies and banks. Though Solana and Cardano might support other governmental functions, XRP’s unique strength lies in its ability to enhance financial operations, making it a cornerstone of this proposed digital economy overhaul.
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