21.06.2025
Mikhail Vnuchkov
Author at Traders Union
21.06.2025

Ripple lawyer denies US seizure of XRP escrow

Ripple lawyer denies US seizure of XRP escrow Strategic Ripple–SWIFT talks in the mix?

​Prominent Ripple lawyer Bill Morgan has dismissed claims that the U.S. government intends to confiscate Ripple’s escrowed XRP funds as part of its national reserves 

Rumors intensified after Ripple moved 1 billion XRP off its escrow account in three transactions—500 M, 300 M, and 200 M XRP—worth more than $2.2 billion . These transfers triggered speculation of a possible settlement with the SEC, where Ripple would settle using its own tokens instead of fiat.

Strategic Ripple–SWIFT talks in the mix?

Beyond the escrow rumors, there’s chatter about a strategic agreement between Ripple and SWIFT—potentially integrating XRP into the global SWIFT interbank network. In exchange, Ripple might share a portion with U.S. authorities. However, these discussions remain unconfirmed 

Crypto advocate John Squire has urged both sides to clarify the situation swiftly, though Morgan’s denial of the escrow seizure doesn't address the SWIFT rumor. Some expect a SWIFT-related announcement in the coming days.

As we wrote, Ripple CEO praises GENIUS Act as shift toward crypto regulation

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