Australian Labor MP Officially Discloses Her XRP Holdings

TimesTabloid2026/07/04 17:03

By:TimesTabloid

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Crypto commentator Xaif (@Xaif_Crypto) recently revealed that Australian Labor MP Sally Sitou holds XRP.

Sally’s official Statement of Registrable Interests, filed with the House of Representatives, lists “Crypto currency (Ripple)” under her investments, held through Coinspot.

The Disclosure

Sitou is the Labor Member for Reid in New South Wales. Her form, filed for the 48th Parliament, lists the XRP holding under item 7, which covers bonds and similar investments. The same section shows a gold holding through ABC Bullion. Her savings accounts sit with ING and the Commonwealth Bank.

BOOM!!!!!!!!!!!!

Australian Labor MP Sally Sitou discloses $XRP holdings in official Register of Members' Interests, listed as "Crypto currency (Ripple)" held via CoinSpot.

— Xaif Crypto (@Xaif_Crypto) July 3, 2026

Why XRP Draws Institutional Interest

XRP settles transactions in 3 to 5 seconds and costs a fraction of a cent per transfer. Ripple built the token to move value across borders without relying on the correspondent banking chains that slow down traditional international payments. That speed and cost profile has pulled in banks and payment firms looking to cut settlement times.

XRP trades around $1.09 today, down sharply from its 2025 peak of $3.65. Price aside, network activity tells a steadier story. Institutional integrations have piled up in 2026, and the token’s role as a bridge currency within Ripple’s payment network keeps expanding into new corridors.

Ripple’s Push Into Australia

Ripple announced in March 2026 that it would acquire BC Payments Australia to secure an Australian Financial Services License, its second Australian acquisition of the year.

The deal gives Ripple a licensed path to run its full payments stack in the country, covering onboarding, compliance, foreign exchange and payout in one system. Ripple is also taking part in Project Acacia, a digital asset initiative led by the Reserve Bank of Australia.

Separately, Australian regulator ASIC granted AUDC Pty Ltd a license authorizing its AUDD stablecoin to operate as a regulated payment instrument on the XRP Ledger. That makes AUDD the first government-licensed stablecoin running on the XRP Ledger, giving Australian banks a clear legal path to use it for on-chain payments.

What the Community Is Saying

Reactions to the Sitou disclosure varied. One commenter praised the find and said politicians are quietly accumulating XRP. Another said disclosures like this show digital assets entering mainstream financial conversations, regardless of anyone’s portfolio size.

A third commenter contrasted the muted reaction to an Australian MP holding crypto with the scrutiny Donald Trump has faced over his own crypto ties.

Ripple’s Australian licensing push and recent approvals suggest the XRP Ledger is gaining regulatory footing in the country regardless of price swings. Investors are eager to see how this translates to price movements.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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