Ripple Escrow Reserve Claim Sparks Debate Amid CLARITY Act Uncertainty
A recent filing by the Cryptex Digital Market Cap ETF has raised questions about Ripple's escrowed XRP reserves. The filing, dated August 25, states that Ripple may release additional XRP from escrow if the CLARITY Act passes.
This claim has sparked debate among crypto lawyers and enthusiasts, with some questioning why this information was not made public previously. Australian lawyer Bill Morgan pointed out the detail in a tweet, asking where the drafters got this information from.
XRP's price action has been affected by this development, trading near $1.40 today. The asset is still up over 27% in the past seven days, but its movement is being closely watched due to the impending CLARITY Act timeline.