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Industry

Australian MP Discloses XRP as Only Crypto Holding

The disclosure comes as Australia expands its crypto regulations, while a separate U.S. filing also shows White House official Ian Kelley also holds XRP.

Written By Iyiola Adrian Iyiola Adrian
Edited by Jahnu Jagtap Jahnu Jagtap
Published 2 hours ago·Updated 1 hour ago
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Key Highlights

  • Australian MP Sally Sitou disclosed XRP as her only cryptocurrency in the Australian Parliament’s financial register.
  • Australia’s new crypto rules are taking shape, with Ripple seeking an Australian Financial Services License under the country’s new Digital Assets Framework.
  • XRP also appeared in a U.S. government financial filing, as White House official Ian Kelley disclosed holding the token alongside other cryptocurrencies.

Australia has added XRP to its official parliamentary financial records after Labor MP Sally Sitou disclosed that it is the only cryptocurrency she owns.

The disclosure appeared in the Australian Parliament’s Register of Members’ Interests, where Sitou listed “Cryptocurrency (Ripple)” as a digital asset held through Australian crypto exchange CoinSpot.

The filing gives the public a clear look at the investments owned by the lawmaker and shows that XRP is her only crypto holding.

Sally Sitou’s XRP disclosure
Sally Sitou’s XRP disclosure | Source: gov.au

XRP Is Sitou’s only cryptocurrency

The record does not show any holdings of Bitcoin, Ethereum, or other cryptocurrencies. Instead, XRP is the only digital asset listed alongside a wider collection of traditional investments, including owning physical gold through ABC Bullion. Sitou also disclosed shares in several Australian and U.S. companies.

Her Australian investments include Commonwealth Bank, BHP, Telstra, Cochlear, Fortescue, and AGL. On the U.S. front, the filing lists companies such as Meta Platforms, AMD, Qualcomm, Costco Wholesale, General Electric, GE Vernova, and Aecom. 

The document also shows that she has investments in several exchange-traded funds (ETFs), which allow people to invest in a group of assets through a single fund.

Australia introduces new rules for crypto firms

The filing comes at a time when Australia is putting new rules in place for the crypto industry.

In April 2026, the country passed the Digital Assets Framework Bill, creating a licensing system for crypto exchanges and companies that provide digital asset custody services. 

Under the new law, these businesses must obtain an Australian Financial Services Licence before operating under the country’s regulated system. Ripple, the company closely linked to XRP, is already seeking that license as it works to grow its presence in Australia’s regulated crypto market.

White house official Also reports XRP

Meanwhile, Sitou’s filing was not the only recent financial disclosure involving XRP. In the United States, Ian Kelley, the White House War Room Director and Special Assistant to the President, also reported holding the cryptocurrency in a public financial filing submitted after his appointment in January 2025.

According to the filing, Kelley holds XRP in a Coinbase wallet with an estimated value of between $1,001 and $15,000. However, unlike Sitou, his crypto investments are spread across several digital assets. His disclosure also includes Bitcoin, Ethereum, Solana, Chainlink, and Cardano, with each listed within the same estimated value range of $1,001 to $15,000.

Beyond cryptocurrencies, Kelley reported additional financial assets, such as retirement accounts invested in mutual funds, cash holdings, and income earned from previous work with the Republican National Committee and Donald J. Trump for President 2024.

Neither Sitou’s filing nor Kelley’s filing reveals the exact amount of XRP they own. That is because public financial disclosure forms usually report the estimated value of an investment instead of the exact number of coins or tokens.

What this means for XRP

The two disclosures place XRP in official financial records in both Australia and the United States. 

While Sitou listed XRP as her only cryptocurrency investment, Kelley included it as part of a wider digital asset portfolio. Together, the filings show XRP appearing in public financial filings by government officials in two different countries.

Also Read: RLUSD Hits Major XRPL Milestone as Supply Tops 50% on Network

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Ripple (XRP)
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Iyiola Adrian
By Iyiola Adrian
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Iyiola Adrian is a Crypto Analyst at The Crypto Times, based in Lagos, Nigeria. He covers daily cryptocurrency market developments, including Bitcoin and Ethereum price action, altcoin movements, on-chain trends, and fact-check reports on circulating market claims. His analysis emphasizes how African and emerging-market investor behavior interacts with global crypto flows. Before joining The Crypto Times, Iyiola was a contributor at CoinCodex, where he focused on long-form crypto analysis, project reviews, and biographical research on industry figures. He has been writing on digital asset markets continuously since 2022, and his expertise spans market research, chart pattern analysis, technical indicators, and fundamental valuation across the crypto sector. Iyiola holds a Bachelor's degree in Civil Engineering from the Federal University Oye-Ekiti, Nigeria, and is currently pursuing a Master's in Business Administration at Afe Babalola University, Nigeria.
Jahnu Jagtap
By Jahnu Jagtap
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Jahnu Jagtap is a Senior Crypto Research Analyst at The Crypto Times, based in Ahmedabad, India. He leads the publication's technical research desk, tracking daily market momentum, Ethereum network realized profits, institutional capital flows (such as ETF inputs and major fund performance), and SEC tokenization frameworks. All advanced on-chain analysis and macro-policy developments pass through his desk to guarantee empirical precision before publication. Jahnu holds professional certifications in Blockchain and Its Applications from SWAYAM MHRD and Cryptocurrency from Upskillist. His deep immersion in live blockchain data and quantitative market cycles has shaped his meticulous approach to technical verification and structural editing on multi-layered macro stories.

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