|
Getting your Trinity Audio player ready...
|
- Australian MP Sally Sitou disclosed XRP as her only cryptocurrency investment in Parliament’s financial register.
- The disclosure comes as Australia rolls out a new licensing framework for digital asset businesses.
- XRP has now appeared in official government financial filings in both Australia and the United States.
XRP has gained fresh attention after appearing in the official financial disclosure of an Australian lawmaker, adding another sign that the digital asset is becoming part of mainstream financial and political conversations.
According to Australia’s parliamentary Register of Members’ Interests, Labor MP Sally Sitou disclosed XRP as her only cryptocurrency investment. The filing comes at a time when Australia is introducing a more structured regulatory framework for digital assets, while Ripple continues to expand its presence in the country.
Australian MP Lists XRP as Sole Cryptocurrency Holding
Sitou’s disclosure identifies her crypto investment as XRP, listed as “Cryptocurrency (Ripple),” with holdings through Australian exchange CoinSpot. Unlike many crypto investors who diversify across multiple digital assets, her filing does not include Bitcoin or Ethereum.
Beyond cryptocurrency, Sitou’s declared investments include physical gold through ABC Bullion alongside shares in major Australian and U.S. companies, including Commonwealth Bank, BHP, Meta Platforms, and Costco. XRP remains the only digital asset listed in her official financial records.
While the filing does not reveal the size of the investment, it places XRP within Australia’s official parliamentary disclosure system, making it part of the public financial record.
Australia’s Crypto Rules Create New Opportunities
The disclosure arrives during a pivotal period for Australia’s cryptocurrency industry.
Earlier this year, Parliament approved the Digital Assets Framework Bill, introducing licensing requirements for cryptocurrency exchanges and tokenized custody providers through the Australian Financial Services Licence (AFSL) regime.
Ripple is already pursuing an Australian Financial Services Licence, signaling its intention to operate within the country’s evolving regulatory environment. The move reflects Australia’s rapid transition from years of limited crypto legislation to a more comprehensive oversight framework.
For Ripple, clearer regulations could strengthen its ability to expand services in one of the world’s largest economies while providing greater certainty for businesses and investors.
XRP Appears in Government Filings Across Two Countries
Australia is not the only place where XRP has surfaced in official government disclosures.
Ian Kelley, the White House War Room Director and Special Assistant to the U.S. President, also reported holding XRP in a public financial filing following his appointment in early 2025. His disclosure lists XRP alongside Bitcoin, Ethereum, Solana, Chainlink, and Cardano in a Coinbase wallet, with each asset valued within the same disclosure range of $1,001 to $15,000.
Neither disclosure specifies the exact amount of XRP owned. However, both filings place the cryptocurrency on official government records in two different countries.
Financial disclosures by public officials are legally required documents that provide transparency into their investment holdings. While these filings should not be viewed as endorsements of any asset, they can contribute to broader public awareness by showing that cryptocurrencies are increasingly appearing alongside traditional investments.
Also Read: Australia Signals Big Shift: Tokenized Money Could Transform Payments
Combined with Australia’s new regulatory direction and Ripple’s licensing efforts, the disclosures reinforce XRP’s growing visibility within regulated financial markets. As governments continue refining crypto policies, XRP’s appearance in official filings may be viewed as another indicator of the asset’s expanding role in the global digital finance landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
