Surprising Statements of the US Crypto Tsar: Will SOL, XRP, and ADA Be in Reserve? - Coin Bulletin

robot
Abstract generation in progress

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?

This stock will consist only of digital assets obtained through government's crime and civil seizure processes, and the government will not purchase additional assets other than this.

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:

  • BTC: 198.109 pieces, total value 20 billion dollars
  • ETH: 54,753 units, total value 176 million dollars
  • USDT: 122.131 units, total value 122 million dollars
  • WBTC: 750 units, total value 79 million dollars
  • BNB: 40.285 pieces, total value 27 million dollars
  • AUSDC: 13,360,000 units, total value $13 million
  • USDC: 11,048,000 pieces, total value 11 million dollars
  • WETH: 3,808 units, total value 10 million dollars.
  • DAI: 8,660,000 pieces, total value 9 million dollars
  • UNI: 300,645 units, total value of 4 million dollars
  • TRX: 15,180,000 pieces, total value is 3 million dollars
  • LINK: 100,180 pieces, total value 3 million dollars
  • RNDR: 274,458 pieces, total value 2 million dollars
  • SAND: 3,325,000 units, total value of 2 million dollars
  • BAND: 1,079,000 pieces, total value of 1 million dollars
  • AAVE: 3,332 units, total value of $1 million
  • FTT: 545,095 units, total value 1 million dollars
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)