Fox News Journalist Uncovers Investigative Clues on Federal Reserve’s $30,000 XRP Proposal

Fox journalist Eleanor Terrett has hinted at upcoming investigations related to XRP and Ethereum. Her focus stems from discussions within the crypto community, particularly centering on a 2021 proposal by Jimmy Vallee. Vallee suggested that the U.S. Federal Reserve might buy back XRP tokens at an ambitious $30,000 each.
Ethereum’s History Under Scrutiny
Steven Nerayoff’s allegations about Ethereum and its DAO hack have caught attention. Vallee has called for these matters to be highlighted on Fox. Digital Asset Investor also supports the idea of discussing the Ethereum DAO hack on Fox, suggesting it might be portrayed as an inside job.
@StevenNerayoff
– Quick question. Did
@EleanorTerrett
or
@FoxBusiness
take you up on your
#ETHGate
exposé?
#XRPCommunity
— Jimmy Vallee (@jvallee2000)
January 4, 2024
Terrett’s remarks also brought back past claims against Ethereum’s co-founders, including Vitalik Buterin. While there were talks of a major Fox report, no concrete developments have emerged yet.
Great question
@StevenNerayoff
I can’t imagine they wouldn’t want the scoop on the DAO being an inside job by the Ethereum Foundation as you seem to be saying.
https://t.co/ppvCLhf7ll
— Digital Asset Investor (@digitalassetbuy)
January 4, 2024
Unresolved Questions Remain
In 2016, the Ethereum DAO faced a significant hack, resulting in the loss of millions in ETH. The hack’s origin remains a topic of speculation. Terrett intends to explore both the DAO hack and the controversial ETH Gate theory further this year.
XRP’s High-Stakes Proposal: Is the FED Interested?
Terrett also revisited a proposal suggesting that the Federal Reserve could buy back XRP at a high rate of $30,000 per token. This proposal envisioned XRP as a global currency, supported by major governmental institutions.
However, doubts surround this idea. Ripple’s CTO, David Schwartz, has criticized the proposal, questioning its legitimacy. Some key figures within the XRP community, like John Deaton, have distanced themselves from the idea, viewing it as unlikely. Yet, XRP supporter Eri believes the proposal is worth investigating.
I can’t wait for the FRAUD story on a $30k per token Federal Reserve buyback of
#XRP
.
https://t.co/o2R7IK1Qkz
— Crypto Eri Carpe Diem (@sentosumosaba)
January 4, 2024
Terrett’s Comments Spark a Discussion
Despite the proposal fizzling out due to negative reactions and being dismissed as improbable, Terrett’s recent mention has reignited interest in this theory within the XRP community. Pro-XRP figures, including Eri, have shown anticipation for Terrett’s potential investigation. However, uncertainty looms over the seriousness of Terrett’s statements and whether they signal a genuine investigative endeavor or are merely a response to ongoing discussions and criticisms within the crypto community.
Tags
Ethereum
Ripple (XRP)