US Treasury Targets Bitcoin and XRP Growth—Big Crypto Win?
In a groundbreaking move, the U.S. Treasury Department is reportedly setting its sights on maximizing the value of Bitcoin, XRP, and other digital assets held by the federal government. This development follows President Donald Trump’s recent executive order establishing a Strategic Bitcoin Reserve, signaling a seismic shift in the U.S. government’s approach to cryptocurrencies. David Sacks, the White House’s crypto czar, revealed that the Treasury, under Secretary Scott Bessent, aims to responsibly steward these assets, treating them as a national stockpile akin to gold or oil reserves.
The initiative stems from assets acquired through criminal and civil forfeitures, with no immediate plans for new purchases. While this tempered market expectations—causing Bitcoin to dip 5% below $80,000 and XRP to slide 4%—analysts see it as a long-term win for crypto legitimacy. Sacks emphasized that the Treasury’s goal is to “maximize value” through strategic management, leveraging Bessent’s hedge fund expertise. This could mean holding for appreciation or exploring innovative uses, like tokenizing U.S. Treasuries, as hinted in crypto circles.
For XRP, the news is bittersweet. Ripple supporters, the “XRP Army,” had hoped for its inclusion in the reserve, but the focus remains Bitcoin-centric. Still, the acknowledgment of XRP’s potential by a government entity could bolster its case amid ongoing SEC litigation. If regulatory clarity emerges, XRP’s price—currently hovering around $2.31—might reclaim its 2021 peak of $3.84.
Crypto enthusiasts view this as a stepping stone to mainstream adoption, potentially paving the way for broader altcoin inclusion. While short-term volatility persists, the U.S. Treasury’s embrace of digital assets marks a historic pivot, positioning Bitcoin and XRP as key players in the financial future.
