Expert Cautions Against Spreading WhiteRock’s Proposal to Integrate XRP Into Federal Banking System
The post Expert Cautions Against Spreading WhiteRock’s Proposal to Integrate XRP Into Federal Banking System appeared on BitcoinEthereumNews.com.
Popular XRPL dUNL validator Vet cautions XRP community members against spreading unvetted hype about XRP’s integration into the federal banking system. In a recent tweet, Vet urged XRP enthusiasts to stop sharing WhiteRock’s proposal to integrate the XRP Ledger (XRPL) into the Federal Banking System. WhiteRock Writes to Fed About XRP For context, an entity named ‘WhiteRock’ proposed the initiative in a letter addressed to the Federal Reserve’s Board of Governors on April 24, 2025. According to the letter, Noam Levy of WhiteRock requested a meeting with the Fed’s Board of Governors to discuss the potential integration of XRPL into the federal banking system. The letter claimed that the meeting would present an opportunity to boost the security and efficiency of U.S. financial services. It detailed the agenda, highlighting its strategic benefits, regulatory compliance, technical architecture, and implementation roadmap. Further, the company promised to share other technical details before the Fed schedules a meeting date. WhiteRock proposes XRP integration into the federal banking system The letter comes on the heels of the Fed withdrawing 95% of its anti-crypto guidance, which previously restricted U.S. banks from engaging in crypto activities like trading and custody. With the WhiteRock proposal coming around at the same time as the Fed rolling back its anti-crypto guidance, many XRP enthusiasts believed the letter to be true. Consequently, it has gone viral within the XRP community, with several prominent figures spreading the letter. Expert Warns Against Spreading Malicious Post However, Vet took to X to plead with these big XRP influencers to stop spreading the WhiteRock proposal. Like many XRP community figures, Vet believes the proposal is illegitimate. The dUNL validator noted that sharing the proposal presents a bad look, suggesting that it makes the broader community look overly desperate for validation. The expert urged those sharing…
Filed under: News - @ April 26, 2025 5:25 pm