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Surprising Statements of the US Crypto Tsar: Will SOL, XRP, and ADA Be in Reserve? - Coin Bulletin
David Sacks, the crypto czar of the US, provided details on the path to be followed in his statements regarding the signing of the Bitcoin reserve decree, raising questions about some claims.
David Sacks announced on his official X account that Donald Trump signed the decree regarding the Strategic Bitcoin reserve. Providing details of the signed decree, Sacks also touched upon details regarding the U.S. Digital Asset Stock to be created apart from Bitcoin.
In his remarkable statements about Strategic Bitcoin Reserve and Digital Asset Stock, Sacks stated that the US will initially create its Bitcoin reserve with the Bitcoins it holds, but will continue research on new purchases. At the same time, while stating that only Bitcoin will be included in this reserve, he made similar statements for the digital asset stock: The US will proceed with the cryptocurrencies it holds for the digital asset stock.
Will SOL, XRP, and ADA be in strategic reserve ###?
When we look at Sacks' statements, the first question that comes to mind is related to the news that came to the agenda in recent days and especially led to a 40% increase in the price of SOL, XRP, and ADA: Will SOL, XRP, and ADA be in reserve?
The US government will not make any new purchases for the stock, according to the information provided in the statements, and this denies the claims that SOL, XRP, and ADA will be included in the reserve that came up last week.
After the news, SOL dropped by 7%, XRP by 9%, and ADA by 11%.
What cryptocurrencies does the USA hold?
Cryptocurrencies held by the United States: