Expert Says XRP Will Feature in New Hampshire’s Crypto Reserve Next Year If This Happens
By: bitcoin ethereum news|2025/05/11 01:30:06
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Prominent legal expert and founder of Hodl Law Attorney Fred Rispoli suggests that XRP could still be included in the New Hampshire strategic reserve by 2026. On May 6, New Hampshire made history by becoming the first U.S. state to authorize the creation of a state-owned crypto asset reserve. The development came after Governor Kelly Ayotte signed House Bill 302 (HB 302) into law. New Hampshire is once again First in the Nation! Just signed a new law allowing our state to invest in cryptocurrency and precious metals. pic.twitter.com/ua9bawZKbM — Governor Kelly Ayotte (@KellyAyotte) May 6, 2025 The law permits the state treasurer to buy Bitcoin or any top-tier digital asset valued at $500 billion. According to HB 302, this investment should not exceed 5% of the state’s funds. It categorically mentioned Bitcoin as the only crypto that qualifies for inclusion in the strategic reserve since its valuation, currently over $2 trillion, far exceeds the $500 billion threshold. Expert Cites Only Condition for XRP to be Included in New Hampshire Crypto Reserve Interestingly, Attorney Rispoli emphasized that New Hampshire could still include XRP in its digital asset reserve next year. The legal expert indicated that under the new law, any crypto that hits a valuation of $500 billion this year could be included in the state’s digital reserve by 2026. Therefore, he asserted that if XRP somehow achieves the $500 billion milestone before year’s end, the state treasurer, under the HB 302 law, would include it in the reserve alongside BTC. At the time of writing, XRP is trading at $2.35, with a market cap of $138.16 billion. Therefore, to reach a market cap of $500 billion, XRP would have to soar 262% from its current valuation. Clinching this $500 billion market cap would potentially push XRP’s price to $8.53 per token, assuming its circulating supply remains fairly stable at 58.55 billion tokens. XRP Considered for Inclusion in US Digital Asset Stockpile Meanwhile, the development comes as market commentators deliberate on whether the United States would feature XRP in its digital asset reserve. In March, President Donald Trump named XRP and four other cryptos for potential inclusion in the national digital asset reserve. However, in a follow-up executive order, Trump authorized the creation of a Bitcoin reserve and a stockpile featuring altcoins. The executive order did not specifically mention any altcoin for possible inclusion in the digital asset stockpile. Nonetheless, it is recommended that both the Bitcoin reserve and digital asset stockpile should be funded with forfeited or seized assets. While the government plans to buy more Bitcoin in the future, it dismissed plans to purchase additional altcoins for the stockpile. The U.S. government does not currently hold any XRP in its blockchain address. However, Ripple CEO Brad Garlinghouse still insists that XRP will be included in the digital asset stockpile. For this to happen under current circumstances, the U.S. government might decide to convert one or more seized cryptos in its holdings to XRP, ensuring the third-biggest non-stablecoin crypto features in the national strategic reserve. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses. Source: https://thecryptobasic.com/2025/05/10/expert-says-xrp-will-feature-in-new-hampshires-crypto-reserve-next-year-if-this-happens/?utm_source=rss&utm_medium=rss&utm_campaign=expert-says-xrp-will-feature-in-new-hampshires-crypto-reserve-next-year-if-this-happens
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