What the Treasury Document Actually SaysHM Treasury's Wholesale Financial Markets Digital Strategy is real and ambitious. Ripple, XRP, and the XRP Ledger are absent from the government's own paper entirely. Ripple's seat is legitimate and substantive. Digital assets are "close to zero percent" of Ripple's roughly $16 trillion in annual payments. On August 11, XRP trades near $1.01, roughly 71% below its $3.66 peak from a year ago, sitting below every meaningful moving average.