President Donald Trump has signed an executive order for the creation of a strategic cryptor reserve. However, the order shows that the US government will not buy XRP or other altcoins.
Bitcoin as a strategic asset
On March 2, Trump announced via Truth Social Plans for a digital asset reserve with Bitcoin, Ethereum, XRP, Cardano and Solana. Because there was no official guideline at that time, the crypto community with tension was waiting for further details.
On the night of March 6, Trump signed the executive order, in which Bitcoin was explicitly separated from other crypto currencies. The decree confirms that the US government will not purchase extra altcoins such as XRP.
David Sacks, De Witte Huis officer who is responsible for crypto and AI policy, shared parts of the order on X. He revealed that the US government possessed around 200,000 bitcoin, mainly obtained through seizures. In the past, the government regularly sold this bitcoin, which has cost an estimated $ 17 billion in potential value. The new policy line must prevent this and positions Bitcoin as a strategic possession, similar to gold.
Details of the Executive Order
The executive order confirms the establishment of the Strategic Bitcoin Reserve and the United States Digital Asset Stockpile, where the US Department of Finance is responsible for management and supervision according to specific policy rules.
An important part of the order is that all Bitcoin that the government has – mainly obtained through seizures – is transferred to the Strategic Bitcoin Reserve. In contrast to earlier practices, the order prohibits the sale of this Bitcoin, so that it is labeled as a protected financial possession.
In addition, the Ministry of Finance and the Ministry of Trade are instructed to develop strategies for acquiring extra bitcoin, provided that this does not entail any extra costs for taxpayers. This contrasts with the proposal from Senator Cynthia Lummis, who argued for the purchase of 1 million BTC.
US does not buy XRP, Ethereum, Cardano and Solana
Altcoins such as XRP, Ethereum, Cardano and Solana will fall under the United States Digital Asset Stockpile. The executive order explicitly states that the government will not make any additional purchases from these assets, except when they are obtained through legal seizures. The Ministry of Finance is given the task of managing these altcoins and can decide to sell them on the basis of legal or regulatory considerations.
In addition, federal authorities must perform a complete audit within 30 days of all digital assets in government hands. This research must map how much crypto the government actually owns and ensure a smooth transfer of these assets to the designated reserves.
Comments from the XRP community
The crypto community responded to the news. Analyst Blockchain Backer asked David Sacks for clarification about earlier reports that suggested that the strategic reserve would also contain XRP, Solana and Cardano. He pointed out that the US government currently has no significant quantities of these assets.
However, some crypto speculators think that the US could still acquire XRP via the current lawsuit between Ripple and the SEC. If Ripple has to pay a settlement of $ 125 million in XRP, that could increase the government’s crypto thinking. For the time being this remains pure speculation and there is no confirmation.
In the meantime, analyst Moon Lambo suggested that the government may already have small quantities of XRP, Cardano and Solana through less well -known seizures. According to him, however, these assets are too small to play a strategic role.
With these new guidelines, the US is using a clear course: Bitcoin is recognized as a strategic property, while altcoins such as XRP remain outside the plans.
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Source: https://newsbit.nl/trump-bevestigt-vs-koopt-geen-ripple-xrp-voor-strategische-reserve/
