Fact Checks

XRP Confiscation Like Gold in 1933? Both Orders Checked

Could the US seize XRP like gold in 1933? What Executive Order 6102 and Trump's 2025 reserve order say, how forfeiture works, and where custody matters.

Video: XRP Confiscation Like Gold in 1933? Both Orders Checked

Key takeaways

  • No current US order requires anyone to hand in XRP. The 1933 gold order was repealed by Congress effective December 31, 1974.
  • Trump's March 6, 2025 order puts forfeited non-Bitcoin coins, which can include XRP, in a Digital Asset Stockpile. New stockpile coins can come only from forfeiture proceedings or civil money penalties, unless a future order or law changes that.
  • Criminal and civil forfeiture go through a court and require a link to crime. Administrative forfeiture happens without a judge, and only when nobody contests the seizure.
  • The video argues the realistic risk is a company holding your coins getting caught up in a case, not agents coming for individual holders.
  • The FDIC does not insure crypto. According to the video, the November 2022 bail-in discussion was about bank bondholders, not depositors or XRP.

No current US order lets the government confiscate XRP the way it took gold in 1933. A Bullrunners video hosted by Ryan Huggins read both documents: Executive Order 6102, repealed in 1974, and Trump’s March 6, 2025 crypto order, which limits new stockpile coins to forfeitures and civil money penalties unless a future order or law changes that.

According to the video, Alex Jones has promoted the claim that regulators plan to seize people’s XRP, houses and bank accounts, and fear-focused channels compare it to the 1933 gold order. Hype channels, the video says, answer that XRP has been chosen and so is safe. Bullrunners has checked the claim that banks have chosen XRP separately. The video’s view is that the real risk looks different from agents at the door, and that it depends on where your coins are held.

What did the 1933 gold order actually say?

Executive Order 6102, signed by Franklin Roosevelt on April 5, 1933, required every person and business to deliver gold coins, gold bullion and gold certificates to a Federal Reserve Bank, or a member bank, by May 1. That gave people 26 days.

The government paid $20.67 an ounce, which the video describes as the official price for about 100 years. Section 4 of the order said holders would be paid “an equivalent amount of any other form of coin or currency” issued under US law. In practice, a $20 gold coin was swapped for a $20 bill.

There were exceptions:

  • People could keep up to $100 worth of gold, roughly five $20 coins.
  • Gold needed for “legitimate and customary use in industry, profession or art” was exempt. The video’s examples are dentists and jewelers.
  • Collectors could keep rare coins.

Section 9 set penalties for willfully breaking the order: a fine of up to $10,000, up to 10 years in prison, or both.

Where did people actually lose money in 1933?

The loss came from a price change, not from the handover. In January 1934, about nine months after the order, the government raised the official price of gold from $20.67 to $35 an ounce. People who had turned in their coins had been paid at the old rate, and the dollars they received now bought about 41% less gold.

The video stresses that fear-driven coverage tends to skip this part. In its telling, people were not robbed at the door. They traded gold for paper that sat inside a system whose rules then changed.

Congress later ended the ban. From December 31, 1974, Americans could again buy, hold and sell gold.

The video also describes a family that sent gold coins to the US Mint to check they were real. The Mint kept them, and after more than 10 years in court, judges ruled the coins belonged to the government. The video uses this to show that even the best-known gold case was settled in court, not by a raid. That dispute, known as the Langbord case over 1933 Double Eagle coins, was not enforcement of Order 6102, though. The government won by arguing the coins had never been legally issued and so had always been government property. The Supreme Court declined to hear the family’s appeal in April 2017.

Why did the government want gold in 1933, and does that apply to XRP?

According to the video, the government needed gold because gold backed the dollar. The video describes a $20 bill as effectively a receipt for gold and says banks had to keep gold in their vaults to back the notes. It adds that when people panicked in February 1933 and lined up to withdraw gold, banks ran out.

So, in the video’s reading, the 1933 order was about making the government’s own money system work, not about individuals’ coins. Today the dollar is not backed by XRP or by anything you can redeem at a bank. The video argues that the specific reason behind the 1933 order does not exist for XRP.

What does Trump’s 2025 crypto order say about XRP?

Trump’s March 6, 2025 executive order, Executive Order 14233, created two separate holdings. The Strategic Bitcoin Reserve holds Bitcoin only. Non-Bitcoin coins the government has forfeited, which can include XRP, go into the US Digital Asset Stockpile.

The video notes that on March 2, 2025, Trump posted that a crypto reserve would include XRP, Solana and ADA, and XRP rose that day. Bitcoin and Ether were named in a later post. The signed order limits where stockpile coins come from. Section 3 says the stockpile consists of assets “finally forfeited as part of criminal or civil asset forfeiture proceedings.” Section 3(c) adds that the government “shall not acquire additional stockpile assets other than in connection with criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty imposed by any agency without further executive or legislative action.”

That full sentence matters. The video reads out only the forfeiture part. The order also allows coins taken to pay civil money penalties, and the limit holds only until a future executive order or law changes it.

At a White House crypto summit on March 7, 2025, Trump said the federal government already held “as many as 200,000 Bitcoin” obtained through enforcement actions, and that these holdings would form the reserve’s foundation. That was an estimate at the time, and the government’s holdings may have changed since. The video values it at about $16 billion, using its own figure of $80,000 per Bitcoin on October 25, 2026. Trump also said agencies would inventory existing crypto holdings and explore ways to add Bitcoin at no cost to taxpayers.

Unlike the 1933 order, the 2025 order contains no instruction for anyone to hand anything in. Bullrunners has covered a related point separately: why seized XRP in the stockpile can still be sold.

What are the three types of federal asset forfeiture?

The Justice Department lists three types of federal forfeiture. Two go through a court. The third happens without a judge, and only when nobody contests the seizure.

Type What it requires
Criminal forfeiture A conviction. Limited to property involved in the specific counts the defendant is convicted on.
Civil forfeiture A case against the property itself. No conviction needed, but the government must prove in court, by a preponderance of the evidence, that the property was linked to criminal activity.
Administrative forfeiture No judge involved. Only happens when nobody files a claim contesting the seizure. Limited to certain property worth up to $500,000, and not available for real estate.

The video compares forfeiture to a repo agent. He can take your truck because you missed payments on a contract you signed, not because he likes your neighbor’s truck. The video’s point is that forfeiture needs a link to crime and a legal process. In the administrative kind, that process runs without a judge unless someone steps in to contest it.

Did the FDIC admit it could seize XRP?

No, according to the video. It says the clip shared as a “chilling FDIC admission” comes from a public FDIC committee meeting in November 2022, which it describes as a group of bankers and lawyers. In the video’s account, speakers discussed how, when a very large bank fails, the bank’s own lenders take losses first. Those lenders are the people who bought the bank’s bonds. That process is called a bail-in. One speaker said it was important that people understand they can be bailed in, without causing a run on the institution.

The video says the discussion was about bank bondholders, not checking accounts and not crypto. It also notes that the FDIC does not insure crypto at all. In August 2022, the FDIC sent cease and desist letters to five companies over false or misleading claims about deposit insurance tied to crypto: FTX US, Cryptonews.com, Cryptosec.info, SmartAsset.com and FDICCrypto.com. As the video puts it, the FDIC cannot bail in something it never covered. For an example of a bail-in that actually happened, see Bullrunners’ piece on what the Cyprus bail-in teaches about custody.

The video also mentions a man named Jacob Metzger, who asked Jones to name the specific law, policy or government document that allows anyone to seize XRP, homes or bank accounts. According to the video, as of October 25, 2026, nobody had answered him with a document.

How could the government actually end up holding your XRP?

According to the video, the realistic route is through a company’s case, not yours. The video points out that the 2025 order lets forfeited coins into the stockpile, and the crime does not have to be the holder’s. If an exchange is caught laundering money, or coins are tied to a hack, the coins in that case can be frozen and forfeited. Some of those coins may belong to customers who were never accused of anything. Their coins were simply in the same pile.

That is why the video focuses on custody. It quotes an XRP Ledger validator known as Vet: XRP in your own wallet stays under the control of whoever holds the keys. A court can order a company to hand over what it holds, but it cannot order your wallet to do anything. Self-custody also puts the job of protecting your keys on you, and the video encourages holders to learn how it works first. Bullrunners has looked at who owns your XRP under the SEC’s custody proposal.

The video’s reading of 1933 lines up with this. In its view, the people who lost were those holding a claim inside a system that changed its rules. The question it puts to XRP holders is less “will they confiscate XRP?” and more “whose name is on my coins?”

A 3-step confiscation check

The video closes with three checks any holder can run:

  1. Whose name is on the coins? If your XRP sits on an exchange, the video says, you hold a promise from that exchange, not XRP itself.
  2. Has the government taken coins in a case like yours? Search the exchange’s name on the Justice Department’s forfeiture pages. The video says no history is a good sign, not a guarantee.
  3. Read the order yourself. The 2025 order is on whitehouse.gov. Find the word “forfeited,” and read the full Section 3(c) sentence, including the civil money penalty route. The video’s view is that if a new order ever drops the forfeiture limit, that would be the moment to pay close attention.

What to watch next

According to the video, there is no XRP confiscation order. The 1933 gold order has been dead since 1974, and the 2025 order limits how the stockpile can grow. That limit allows two routes, forfeiture and civil money penalties, and it applies only “without further executive or legislative action.” Things worth tracking:

  • Any new executive order or law that changes Section 3.
  • Agency penalty cases and forfeiture cases involving exchanges you use.
  • Your own split between exchange balances and coins in a wallet you control.

Sources

Frequently asked questions

Can the US government confiscate XRP like gold in 1933?

No current order allows that. Trump's March 6, 2025 order says the government shall not acquire more stockpile assets except through criminal or civil asset forfeiture or civil money penalties imposed by agencies, 'without further executive or legislative action.' It does not ask anyone to hand in coins, though a future order or law could change the rules.

What was Executive Order 6102?

Franklin Roosevelt signed it on April 5, 1933. It required people and businesses to deliver gold coins, bullion and certificates to a Federal Reserve Bank or a member bank by May 1, at $20.67 an ounce. Willfully breaking it carried a fine of up to $10,000, up to 10 years in prison, or both.

Where does seized XRP go under Trump's 2025 order?

The Strategic Bitcoin Reserve holds only Bitcoin. XRP and other non-Bitcoin coins the government obtains through forfeiture go into a separate pile called the US Digital Asset Stockpile.

Does the FDIC bail-in plan affect XRP?

According to the video, the November 2022 FDIC meeting discussed losses for the bondholders of a failing large bank, not depositors or crypto. The FDIC does not insure crypto. In August 2022 it sent cease and desist letters to five companies, including FTX US, over false or misleading claims about deposit insurance.

How could the government end up holding my XRP?

The video says the realistic route is through a company. If an exchange is caught laundering money or its coins are tied to a criminal case, the coins it holds can be frozen and forfeited. That can include coins belonging to customers who were never accused of anything.

Full video transcript

From the video's captions, lightly formatted. Captions can mishear names and numbers, so check figures against the article above.

And the government then decides to write codes, regulations, and laws that this is a banking asset and you're not a bank. They could very easily write something into the law that says, "Any person that owns XRP can't own it." Just like in 1933 when they confiscated all the gold, you weren't allowed to own it.

Alex Jones has wrote, "Financial bombshell. Top governments regulators are openly bragging about their plans to seize not only your XRP holdings, but your house and your bank accounts."

The 1933 gold order gave you 26 days to hand it in. Trump's 2025 crypto order doesn't give you any days at all. It says the government only gets coins a court already took in a criminal case. And it says it will not get any more in any other way. I've got both orders right here, not a summary, the actual pages.

The fear channels say they'll come for your XRP the way they came for your grandpa's gold. The hype channels say XRP has been chosen, so of course they'll win. Both of them are pointing at a 93-year-old piece of paper, and neither one has read it. But there is one way the government ends up holding your coins. It's in neither order, and it's got nothing to do with agents at the door.

When we get to it, it's going to change what you worry about. So if you're feeling bullish, like this video and smash that subscribe button. We are on our way to 400,000 subscribers, and you could be one of them. And if you are going to become the first millionaire in your family tree, confirm that by commenting amen down below. Also, I am giving away our 2026 altcoin trading strategies and crypto yield generation briefing to everyone who follows us on Instagram at bullrunners.

The official link is down in the description below this video. Let's run it. All right, bullrunners, I'm Ryan Huggins, aka Win With Ryan. Welcome back to the channel.

On April 5th, 1933, owning gold in America became a crime. Every American had less than 4 weeks to hand in their gold coins at $20.67 an ounce. Keep them and you could face 10 years in prison. 9 months later, the same government raised the price of gold to $35. The people who obeyed the law were the ones who lost the most.

April 5th, 1933, Franklin Roosevelt signs Executive Order 6102. You had until May 1st to take your gold coins to a bank, 26 days. The bank paid you for them. Section 4 of that order, in here it states, "Will pay therefore an equivalent amount of any other form of coin or currency." You handed over a $20 gold coin and then you walked out with a $20 bill.

And this one wasn't about paper money. On April 5th, 1933, Roosevelt signed Executive Order 6102. Every person and every business had to deliver their gold coins, gold bullion, and gold certificates to a Federal Reserve Bank by May 1st. The government would pay $20.67 an ounce, the official price for about 100 years. There were exceptions.

You could keep $100 worth. That's five of the big $20 coins. Dentists kept their gold, jewelers kept theirs, coin collectors kept the rare ones. Break the rule on purpose and section 9 says up to $10,000 or up to 10 years in prison. And here's the part the fear video skipped.

9 months later, in January 1934, the government raised the price of gold from $20.67 to $35 an ounce. The people who turned in their coins got paid at the old price, then the money they got paid in and 41% less gold. That's where the loss happened. Not at the door, at the price change afterwards. And you're probably thinking, "Fine, but they did it once.

They can do it again." Here's why they could do it in 1933. Gold was actual money. A $20 bill was a receipt for gold. The banks had to keep gold in their vault to back the bills. When people got scared in February of 1933 and lined up for their gold, the banks ran out.

So, the order wasn't about your coins. It was about the government needing gold to make its own money work. And in 1974, Congress ended it. Starting December 31st, 1974, Americans could buy, hold, and sell gold again. The order was law for 41 years, and then it was gone.

Now, ask the question for XRP. Does the US government need XRP to make the dollar work? The dollar isn't backed by XRP. It isn't backed by anything that you can hand in at a bank. So, the 1933 reason doesn't exist.

But that doesn't mean there's no document. There is one, and it's from Trump. And by the way, everything that we're going over so far has come out of that 1933 order that anybody can actually pull up on their own phone or computer. And the 2025 one is next. And reading the actual page before you act on a headline is the job.

And that's what we do inside of the SGS system at Altcoin Pro. So, if you would like some assistance with that, someone to walk you through that information, give us a hit. By the way, most people who get this far in the video, they end up closing out the tab and then they do nothing. So, if you're the one who won't, the first link in the description, book that call while it's still fresh in your head. Now, let's get back to it because on March 2nd of 2025, Trump posted that the working group would move forward on a crypto reserve that includes XRP, Solana, and Ada.

And of course, XRP jumped that day. Four days later, he signed the order.

Yesterday I signed an executive order officially creating our strategic Bitcoin reserve. And this will be a virtual Fort Knox for digital gold to be housed within the United States Treasury.

The reserve is for Bitcoin. Everything else, XRP included, goes into a second pile the order calls the US digital asset stockpile. Now, read where the coins come from. In section three, it says the pile is made of coins finally forfeited as part of criminal or civil asset forfeiture proceedings. See where it says forfeited?

That just means a court took it from somebody in a crime case, drug money, hacked exchange money, scam money.

The federal government is already among the largest holders of Bitcoin, as you know. Uh really one of the largest holders in the world with as many as 200,000 Bitcoin obtained via civil law and various other forms of law, and including enforcement actions. These existing holdings will form the foundation of the new reserve.

That's the president saying it. 200,000 Bitcoin from law enforcement. At $80,000 a coin on October 25th, 2026, that's about $16 billion that the government already had sitting in evidence lockers.

The Treasury and Commerce departments will also explore new pathways to accumulate additional Bitcoin holdings for the reserve, provided it's done at no cost to the taxpayers. We don't want any cost to the taxpayers. In addition, my order directs federal agencies to conduct an inventory of all crypto assets currently held by the US government and determine how they can be transferred easily to the Treasury. Non-Bitcoin digital digital assets will be held in a new US digital asset stockpile.

Then the sentence that nobody on the fear channels read, section 3C. However, the United States government shall not acquire additional stockpile assets other than in connection with criminal or civil asset forfeiture proceedings. The 2025 order doesn't tell you to hand anything in. So, what does it take for the government to forfeit your coins? The Justice Department's own page lists three ways and all three need a crime.

Criminal forfeiture needs a conviction. The page says it's limited to the property involved in the particular counts on which the defendant is convicted. Civil forfeiture is a case against the property itself. No conviction needed, but the page says the government is still required to prove in court by a preponderance of evidence that the property was linked to criminal activity. The third kind only happens when nobody shows up to contest it.

Think about like a repo man. He can take your truck, but only because you missed the payment and assigned a paper that said he could. He can't take your neighbor's truck because he likes it. Forfeiture is the same. There has to be a crime and there has to be a judge.

did the honest thing. They sent the coins to the US Mint to check that they were real. The Mint said, yes, they're real and kept them. The family sued. After more than 10 years in court, the judges said the coins belong to the government.

70 years after the order, it was still collecting.

Even the one famous gold case took 10 years in court. Nobody kicked in a door and drove off with the coins. Now, the people who covered the Jones clip, most of them didn't buy either.

Do I subscribe to this theory that the government's going to come steal your XRP? I do not.

A guy named Jacob Metzger asked the question the right way. He asked Jones to name the specific law, policy, or government document that lets anyone seize your XRP, your house, or your bank account. As of October 25th, 2026, nobody has answered him with a document. So, where did the chilling FDIC admission come from? Now, Alex Jones had a special live Saturday show today, and the first topic it was, "Could the government seize XRP after chilling FDIC admission?" It's this.

I think you've got to think of the unintended consequences of taking a public that has more full faith and confidence in the banking system than maybe people in this room do. That we want them to have full faith and confidence in the banking system. They know the FDIC insurance is there. They know it works. They put their money in, they're going to get their money out.

That's a public meeting at the FDIC in November 2022, a committee of bankers and lawyers. Here's what they were talking about. When one of the giant banks fails, the plan is that the banks' own lenders eat the loss first. The people who lent the bank money by buying its bonds. The word on the slide for that is bailed in.

I mean, it's important that people understand they can be bailed in, but you don't want a huge run on the institution.

The thing they didn't want to scare the public with was the plan for bond holders of banks. Not your checking account, and not your XRP. Because here's the part that ends the whole thing. The FDIC doesn't cover crypto at all. In August of 2022, it sent letters to five crypto companies ordering them to stop telling customers their coins were insured.

The FDIC has no file on your XRP. It can't bail in something it never insured. Now, the one where the government does end up with your coins, if we go back to the 2025 order, finally forfeited as part of criminal or civil asset forfeiture proceedings. Whose crime? Not yours, the company holding your coins.

When an exchange gets caught laundering money or gets hacked by a crew, the coins in that case get frozen and forfeited. Some of the coins were customers coins. The customers weren't accused of anything. Their coins were just in the same pile. That's the real version of the story.

It's not the government coming for XRP holders. It's the government coming for a company and your coins being inside it. A validator who goes by Vet said, "The plain thing in the pushback, XRP in your own wallet stays under control of whoever holds the keys. A court can order a company to hand over what it holds. It can't order your wallet to do anything.

And that's why you hear the statement all the time, not your keys, not your crypto. So, you should be self-custody your crypto. You should be learning how to do that. If you're scared to learn how to do that, that is the step number one is just get educated and it's not scary. So, here's what the 1933 actually teaches and it is the opposite of what the fear channel sell.

In 1933, almost nobody lost their gold to an agent. They lost 41% of it to a price change after they traded it for paper because the paper was in somebody else's system. The thing that protected people wasn't hiding coins in the backyard. It was not holding a receipt for gold in the bank that was about to change the rules. The same thing now.

The 2025 order can't reach a wallet that you control. It can reach a company. So, the question was never will they confiscate XRP? It's whose name is on mine. And here's what I check from the couch.

One, whose name is on the coins? If it's an exchange, you own a promise for that exchange, not XRP. Two, has the government ever taken coins from a case like mine? Look up the exchange's name on the Justice Department's forfeiture pages. If the company's never been in a case, that's a good sign, not a guarantee.

Three, read the order yourself. It's one page on whitehouse.gov. Find the word forfeited. If a new order ever drops that word, that's the day to worry. There's no XRP confiscation order.

There's a 1933 order that's been dead since 1974 and a 2025 order that says the government can't go get more. So, tell me in the comments section, where's most of your XRP right now? On an exchange or in your own wallet? Just one word below, exchange, wallet, exchange or wallet. Everything in this video came out of two government orders and the Justice Department's own page.

It's all public and almost nobody who shared that clip opened any of it. Knowing whose name is on your coins and what a court can and can't reach is the job. And that's what the SGS system inside of Altcoin Pro does for our clients. And if you're holding $50,000 or more in crypto and nobody has ever sat down with you and mapped out where it actually lives, well, that's who this program is for. If you're not there yet, keep watching these videos.

They're free and we're not going to stop making them. You don't have to read the 1933 statutes yourself. That's what we do with you. If this is money invested in crypto that's for you and your spouse that you decide on together, bring them on the call. The first link in the description below gets you started.

Book a call. Crypto carries risk and past performance doesn't guarantee future results. This is education, not financial advice. And you know what to do. Stay bullish.

I'll see you at the top.

Education and commentary only, not financial advice. Crypto is volatile and you can lose money. Do your own research and speak to a qualified advisor before making investment decisions. Figures and quotes are as reported in the video on October 29, 2026 and may have changed since.