Rumors have surfaced about the US SEC clarifying the roles of XRP, SOL, and ADA in the Trump administration. Reports claimed that the SEC outlined how these cryptocurrencies could be integrated into government operations.
However, XRP lawyer John Deaton dismissed these claims, stating that the SEC has not made any such announcement.
Did the SEC Confirm XRP, SOL, and ADA’s Government Roles?
Recent reports suggested that the SEC officially recognized XRP as a key asset for state-level financial transactions. Allegedly, XRP would enhance government payments and interbank liquidity.
The reports also claimed that:
✅ ADA could be used for academic credentialing and smart contracts in government services.
✅ SOL might support high-speed blockchain applications, including secure voting and digital identity management.
However, John Deaton shut down these rumors, asserting that the SEC has not released any such clarification.
XRP as a Strategic Financial Asset?
Some sources claimed that the SEC published a document titled “Comprehensive Proposal: XRP as a Strategic Financial Asset for the US.” This document reportedly suggested integrating Solana and Cardano into the US digital infrastructure, while XRP remains the primary financial asset.
Yet, John Deaton denied the legitimacy of this claim. He emphasized that the SEC has not issued an official stance on the matter. This statement has sparked debates within the crypto community, with many now demanding official confirmation.
Crypto Community Seeks Clarity
Following Deaton’s clarification, many in the community expressed concern over the spread of misinformation.
XRP lawyer Bill Morgan also weighed in, questioning the source of these rumors. He called out the endless cycle of false information surrounding SEC crypto regulations.
Further investigation revealed that the document in question was merely a proposal submitted to the SEC, not an official statement from the agency. This situation highlights the importance of verifying information from reliable sources.
