$XRP

🔥Trump Confirms US Will Not Buy XRP for Strategic Reserve

President Donald Trump has finally signed an executive order for a crypto strategic reserve, but the order confirms the US will not buy XRP or other altcoins.

Recall that on March 2, the president announced plans to create a digital asset reserve that would include Bitcoin, Ethereum, XRP, Cardano, and Solana. However, this statement was only shared on Truth Social, with no official directive at the time.

Crypto communities waited for an executive order, and four days later, on March 6, Trump signed it. Nonetheless, the order separated Bitcoin from other digital assets and confirmed the government’s decision not to purchase additional altcoins like XRP.

David Sacks, the White House official overseeing crypto and AI policy, first disclosed portions of the order on X. He confirmed that the US government holds around 200,000 Bitcoin. Notably, the government had continued to sell off most of its holdings, seized from criminals in the past.

XRP Community Reactions

Following the release of the executive order, market analyst Blockchain Backer questioned Sacks about previous reports suggesting a strategic crypto reserve that included XRP, Solana, and Cardano. He pointed out that the government does not currently own these assets in significant amounts.

Notably, some crypto proponents speculate that the government might soon acquire XRP through the ongoing legal case between Ripple and the SEC. The lawsuit could result in Ripple paying a $125 million settlement in XRP, potentially increasing the government’s holdings. However, this remains speculative and unconfirmed.

Another analyst, Moon Lambo, suggested that the government might already own small amounts of XRP, Cardano, and Solana through lesser-known forfeiture cases. Despite this, he stressed that these holdings may not be large enough.

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