Not too long ago, claims have gone viral on social media platforms, notably among the many XRP group, claiming that Chinese language President Xi Jinping introduced China’s intent to legalize XRP and purchase $40 billion price of it for a nationwide crypto reserve.
However is there any factual foundation for this sweeping assertion?
Who Made this Declare?
The rumor originated from posts by crypto fans like Shibo on X, asserting that Xi Jinping made an official declaration about legalizing XRP and making an enormous strategic buy.
Nonetheless, these tweets lacked direct citations of any official Chinese language authorities communication or credible information stories.
Truth Verify: What Does Proof Present?
No Official Affirmation or Announcement:
At current, no assertion from President Xi Jinping, the Folks’s Financial institution of China (PBoC), or state information shops corroborates the declare that China plans to legalize XRP or make investments $40 billion right into a crypto reserve that includes XRP.
China’s Stance on Cryptocurrencies Stays Restrictive
China has maintained a cautious and restrictive coverage on cryptocurrencies. Since 2017 and bolstered by a whole ban on crypto buying and selling and mining in 2021. The nation is as an alternative specializing in its state-controlled digital yuan (CBDC), not decentralized cryptocurrencies like XRP.
No Strategic Crypto Reserve Announcement for China:
Not like the USA, which established a strategic bitcoin reserve in early 2025, backed by official government orders and public bulletins, there isn’t any indication that China has created or is planning.
Nonetheless, a Chinese language AI mobility firm named Webus Worldwide has simply filed papers with the SEC. They plan to arrange an enormous $300 million XRP fund to carry and use XRP as a part of their enterprise.
