Viral Video of Ripple CEO Asking IMF If They Will Hold XRP

Crypto Investor Xaif recently shared a tweet revisiting a moment from the Singapore Fintech Festival that involved Ripple CEO Brad Garlinghouse and Ross Leckow, the Deputy General Counsel in the International Monetary Fund’s (IMF) Legal Department.

The tweet focused on a discussion where Garlinghouse asked Leckow about the IMF’s stance on holding crypto assets in the future. Xaif suggested that Leckow’s reaction implied more was happening behind the scenes.

The famous video of Brad asking the IMF if they will hold XRP, the reaction says it all..

The grand plan.. is happen… Behind the door #XRP #XRPArmy pic.twitter.com/NbVwxzSkse

— 𝕏aif| (@Xaif_Crypto) April 2, 2025

The video shared in the tweet begins with Garlinghouse encouraging Leckow to respond to a question about the IMF potentially holding digital assets. Leckow, representing the IMF’s legal team, prefaced his response by emphasizing his conservative approach to such topics.

He avoided directly confirming any plans, stating that he did not want to go into great detail about the IMF’s position. Garlinghouse responded by joking that Leckow had been left speechless by the question.

Leckow then clarified that for the IMF to hold crypto assets under its current legal framework, at least one country would need to adopt a digital asset as its official currency. His statement underscored the regulatory and institutional barriers that currently prevent the IMF from holding digital assets.

Interpretation of the Exchange

Xaif’s tweet framed the exchange as a significant moment, implying that the IMF’s reaction suggested undisclosed developments regarding digital assets. The phrase “The grand plan… is happen… Behind the door” accompanied the tweet, hinting at the possibility of behind-the-scenes discussions related to digital assets and their future role in global financial systems.

The interaction between Garlinghouse and Leckow has been referenced in discussions about institutional adoption of digital assets. While Leckow maintained a cautious stance, some observers have speculated that regulatory considerations could evolve over time, particularly if more countries adopt digital assets in official capacities.

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Regulatory Considerations for IMF and Digital Assets

Leckow’s statement about the legal framework reflects the IMF’s cautious approach toward digital assets. The institution operates within a framework established by its member countries, which means that its ability to hold digital assets is dependent on broader regulatory developments.

Currently, no major economy has formally adopted a digital asset as its national currency, though some jurisdictions have taken steps toward integrating blockchain-based solutions into their financial systems.

The IMF has previously commented on the implications of digital assets for monetary policy, financial stability, and regulatory frameworks. While it has recognized the potential benefits of blockchain technology, it has also emphasized the risks associated with volatility, regulatory uncertainty, and the potential for illicit financial activity.

Future Possibilities

Xaif’s tweet brings renewed attention to the broader discussion of institutional adoption of digital assets. While the IMF’s position remains cautious, the regulatory landscape continues to evolve. If a major economy were to integrate digital assets into its monetary system, it could create a legal pathway for the IMF to engage with digital assets more directly.

For now, the IMF maintains that it does not hold digital assets, and its legal framework would need to change for that to become a possibility.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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