The U.S. government confirms Bitcoin reserves only, excluding Ethereum, XRP, and alternative cryptocurrencies. The post The U.S. government confirms Bitcoin reserves only, excluding Ethereum, XRP, and alternative cryptocurrencies was first published on Coinpedia Fintech News. Peter Schiff confirmed that the U.S. government will not purchase Ethereum (ETH), XRP, Cardano (ADA), or Solana (SOL) for its cryptocurrency holdings. Instead, the recently created Strategic Bitcoin Reserve (SBR) will consist solely of confiscated Bitcoin (BTC), reinforcing its position as a dominant digital asset. While the executive order signed today leaves room for potential Bitcoin purchases, these purchases are likely to require Congressional approval. Alternative cryptocurrencies are excluded from the reserves. Previous reports had suggested that the "cryptocurrency reserve" could include XRP, ADA, SOL, and ETH, causing their prices to rise. Meanwhile, according to today’s update, the U.S. government has established a stock of digital assets for alternative cryptocurrencies such as XRP, Ethereum, Cardano, and Solana, but it will not purchase more - it only retains what has been confiscated through legal proceedings. These assets can be held or sold based on regulations, which are managed separately by the Treasury Department.