Well-known XRP advocate Edoardo Farina, founder of Alpha Lions Academy, claimed that every XRP conspiracy theory is playing out in real time.
His comments follow Ripple’s official confirmation that it has applied for a U.S. national bank charter, something that once seemed unthinkable for a crypto firm, but the XRP community vehemently championed.
The approval could confirm Ripple’s new status as a federally chartered bank. In addition, it could bring its stablecoin RLUSD under direct oversight from the Office of the Comptroller of the Currency (OCC).
Ripple already holds a state license from the New York Department of Financial Services. This potential dual licensing could make RLUSD one of the most trusted stablecoins on the market.
RLUSD and the Fed
In parallel, Ripple is pursuing a master account with the Federal Reserve through its subsidiary, Standard Custody. Such an account would allow Ripple to hold RLUSD reserves directly at the Fed, a privilege few non-banks possess.
Some experts believe this access would place Ripple in an elite tier. Specifically, American crypto correspondent Eleanor Terrett called a master account a “Diamond” compared to a bank charter’s “Platinum” status.
Launched in December 2024, RLUSD is already the ninth-largest stablecoin, with a $470 million market cap and growing interest. Interestingly, Ripple executive Reece Merrick has claimed that RLUSD processes $10 billion in daily transaction volume.
However, many have disputed this figure, as the coin itself has a much lower market cap. Yet, the growth of RLUSD highlights its increasing prominence and adoption.
The XRP Escrow Theories Resurface
With Ripple making concrete moves toward offering banking services, Farina’s earlier hypothetical theories about the XRP escrow are gaining new attention.
He previously speculated that the U.S. Treasury may have quietly gained control over part of Ripple’s XRP escrow as far back as 2020. He theorized that key institutions like the BIS, IMF, and U.S. Treasury have already secured large holdings through private agreements for various internal operations, including reserve assets.
According to Farina, these arrangements may have coincided with the timing of the SEC lawsuit, suggesting a deeper strategy unfolding behind the scenes.
While none of these claims can be confirmed on-chain, he argues that the true ownership of Ripple’s escrowed XRP is no longer as transparent as it seems.
By this, he suggests Ripple may no longer be the sole owner of the 37 billion XRP in escrow. Meanwhile, this remains hypothetical and one of his conspiracy theories, which he hopes will become true someday.
There’s absolutely no law preventing @Ripple from selling their escrowed $XRP.
I’m firmly convinced that the BIS, IMF, and U.S. Treasury have already acquired a substantial portion of escrowed $XRP, with the terms of the agreements established as far back as 2019.
The SEC… pic.twitter.com/jG3q2FXL46
— EDO FARINA 🅧 XRP (@edward_farina) June 27, 2025
“The Opportunity Will Be Over”
Farina believes a time is coming when Ripple will reveal the “truth” about the escrowed XRP. When that moment arrives, he says, the window of opportunity to accumulate XRP will close for good.
“You laughed at us. Now you’re watching history unfold,” he posted, implying that the long-dismissed XRP theories are finally becoming reality.
Essentially, Ripple’s recent moves, such as its bank charter application, pursuit of Fed access, and stablecoin momentum, are lending new weight to narratives once considered far-fetched within the XRP community.
