šØ Trump Confirms US Wonāt Buy XRP for Strategic Reserve! šŗšøš°r
Big news in the crypto world! President Donald Trump has officially signed an executive order creating a crypto strategic reserveābut hereās the twist: The US wonāt be buying $XRP , $ETH , Cardano , or $SOL ! š«š
š„ Whatās the Deal?
š¹ Back on March 2, Trump announced plans to create a digital asset reserve that would include Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA), and Solana (SOL). However, this was just a statement on Truth Social, with no official action at the time.
š¹ After four days of anticipation, Trump finally signed the executive order on March 6ābut it separates Bitcoin from other altcoins and confirms that the government will not buy additional XRP or other altcoins.
š Bitcoin Becomes a Strategic Asset
According to David Sacks, the White House official in charge of crypto & AI policy, the US already holds about 200,000 BTCāmost of it seized from criminals! However, past sales of these holdings reportedly cost taxpayers $17 BILLION in lost value š±šø.
š” New policy change: Instead of selling BTC, the government is now treating it like gold and storing it in a Strategic Bitcoin Reserve! šš
š Whatās in the Executive Order?
āļø Establishes the šŗšø Strategic Bitcoin Reserve & US Digital Asset Stockpile
āļø BTC seized by the government will go into this reserve instead of being sold š¦
āļø Treasury & Commerce Departments will strategize how to acquire more BTCābut without extra taxpayer costs š”š°
āļø Altcoins (XRP, ETH, ADA, SOL, etc.) will be kept in the US Digital Asset Stockpile but won't be purchased š¤·āāļø
š Audit Incoming! The order also requires federal agencies to audit all government-owned digital assets within 30 days. This will reveal the full extent of crypto holdings and determine how theyāll be managed! šš
š XRP Community Reactions
After the news dropped, crypto analyst Blockchain Backer asked Sacks about earlier reports suggesting a crypto reserve that included XRP, Solana, and Cardano. His take? The government doesnāt currently own these assets in large amounts š¤.
š Some speculate that the US could acquire XRP through the Ripple vs. SEC lawsuit. If Ripple settles with the SEC for $125M in XRP, the governmentās holdings could growābut this is purely speculation for now! š¤Æāļø
Another analyst, Moon Lambo, suggested the government might already own small amounts of XRP, ADA, and SOL from lesser-known forfeiture cases. However, these holdings arenāt significant.
š® Whatās Next?
With Bitcoin now a protected financial asset and altcoins left out, the US crypto strategy is changing FAST! Could this move pump BTCās price? And what does it mean for XRPās future in government hands? šš
Drop your thoughts in the comments! šš¬
š¢ Disclaimer: This is NOT financial adviceājust keeping you in the loop! Stay safe in the crypto space! š„š
#Xrpš„š„ š„š„ #BBWDocuSeries #USJobsData #TexasBTCReserveBill #MtGoxTransfers
š„ Whatās the Deal?
š¹ Back on March 2, Trump announced plans to create a digital asset reserve that would include Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA), and Solana (SOL). However, this was just a statement on Truth Social, with no official action at the time.
š¹ After four days of anticipation, Trump finally signed the executive order on March 6ābut it separates Bitcoin from other altcoins and confirms that the government will not buy additional XRP or other altcoins.
š Bitcoin Becomes a Strategic Asset
According to David Sacks, the White House official in charge of crypto & AI policy, the US already holds about 200,000 BTCāmost of it seized from criminals! However, past sales of these holdings reportedly cost taxpayers $17 BILLION in lost value š±šø.
š” New policy change: Instead of selling BTC, the government is now treating it like gold and storing it in a Strategic Bitcoin Reserve! šš
š Whatās in the Executive Order?
āļø Establishes the šŗšø Strategic Bitcoin Reserve & US Digital Asset Stockpile
āļø BTC seized by the government will go into this reserve instead of being sold š¦
āļø Treasury & Commerce Departments will strategize how to acquire more BTCābut without extra taxpayer costs š”š°
āļø Altcoins (XRP, ETH, ADA, SOL, etc.) will be kept in the US Digital Asset Stockpile but won't be purchased š¤·āāļø
š Audit Incoming! The order also requires federal agencies to audit all government-owned digital assets within 30 days. This will reveal the full extent of crypto holdings and determine how theyāll be managed! šš
š XRP Community Reactions
After the news dropped, crypto analyst Blockchain Backer asked Sacks about earlier reports suggesting a crypto reserve that included XRP, Solana, and Cardano. His take? The government doesnāt currently own these assets in large amounts š¤.
š Some speculate that the US could acquire XRP through the Ripple vs. SEC lawsuit. If Ripple settles with the SEC for $125M in XRP, the governmentās holdings could growābut this is purely speculation for now! š¤Æāļø
Another analyst, Moon Lambo, suggested the government might already own small amounts of XRP, ADA, and SOL from lesser-known forfeiture cases. However, these holdings arenāt significant.
š® Whatās Next?
With Bitcoin now a protected financial asset and altcoins left out, the US crypto strategy is changing FAST! Could this move pump BTCās price? And what does it mean for XRPās future in government hands? šš
Drop your thoughts in the comments! šš¬
š¢ Disclaimer: This is NOT financial adviceājust keeping you in the loop! Stay safe in the crypto space! š„š
#Xrpš„š„ š„š„ #BBWDocuSeries #USJobsData #TexasBTCReserveBill #MtGoxTransfers
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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