Recently, claims have spread on social media platforms, especially among the XRP community, claiming that China’s Xi Jinping has announced it would legalize XRP and acquire $40 billion worth of IT for the National Crypto Reserve.
But is there a de facto basis for this drastic claim?
Who made this claim?
The rumours stem from posts by cryptography enthusiasts like X’s Shibo, claiming that Xi Jinping has made an official declaration about legalizing XRP and making large-scale strategic purchases.
However, these tweets did not include direct quotations from the Chinese government’s official communications or reliable news reports.
Fact check: What does the evidence show?
There are no official confirmations or announcements:
Now, statements from President XI Jinping from the People’s Bank of China (PBOC) or the state press support the claim that China will either legalize XRP or invest $40 billion in cryptographic protected areas featuring XRP.
China’s stance on cryptocurrency remains limited
China maintains a cautious and restrictive policy on cryptocurrencies. Since 2017, it has been tightened by a complete ban on crypto trading and mining in 2021. Instead, the country focuses on controlled digital vouchers (CBDCs), not decentralized cryptocurrencies like XRP.
There will be no strategic crypto spare announcements for China:
Unlike the US, which established its strategic Bitcoin Reserve in early 2025, there is no indication that China is creating or planning, as it is supported by official executive orders and public announcements.
However, a Chinese AI mobility company named Webus International has filed documents with the SEC. They plan to set up a huge $300 million XRP fund to retain and use XRP as part of their business.
