However, there is another theory: the wording does not refer to disrupting the escrow system but rather to changing the distribution of already unlocked tokens if the CLARITY Act is passed.
The Cryptex Digital Market Cap ETF documents, in which XRP has a 4.88% allocation, state that if regulatory clarity emerges in the U.S., Ripple may direct "additional XRP from escrow" toward supporting liquidity for stablecoins and currency pairs.
Bill Morgan noted that the company had not previously disclosed any such plans publicly, raising questions about where the ETF obtained this information.
The real market scenario and the Sept. 15 date
Another member of the XRP community, known as "WrathofKahneman," pointed out that Ripple's escrow accounts are protected by a strict time lock encoded at the XRP Ledger level. It is technically impossible to withdraw the tokens before their scheduled release date.
Experts agreed that the wording most likely refers to a purely market-based maneuver. Ripple currently unlocks 1 billion XRP every month but returns 60% to 80% of the unused amount to escrow.
If the CLARITY Act is passed and institutional demand grows, the company could simply stop returning the unused tokens, leaving the full monthly 1 billion XRP in circulation to provide liquidity, including for the RLUSD stablecoin.
The filing shows that major players are already incorporating the possibility of a legally regulated U.S. crypto market into their documents. The fate of this initiative will be decided in Washington in the coming weeks, with a congressional vote on the CLARITY Act scheduled for Sept. 15, 2026.
