EyeOnTheCoin

The much-anticipated White House Crypto Summit on Friday ended with a whimper rather than a bang for cryptocurrency traders, sending altcoins like XRP, Cardano’s ADA, and Solana’s SOL into steeper declines than market leader bitcoin (BTC).

Investors had pinned high hopes on President Donald Trump’s pro-crypto stance, expecting bold announcements about a U.S. strategic crypto reserve that would prominently feature major altcoins.

Instead, the summit delivered a more subdued outcome: a framework for stablecoin legislation before August and assurances of a lighter regulatory touch—moves that failed to ignite the market as anticipated.

Trump said it was "foolish" that the federal government had already sold so much of its seized bitcoin, adding that the country will a colloquial rule of “never sell your bitcoin.”

XRP dropped 3.5% in the past 24 hours to nearly $2.4, down from a high of $2.98 earlier in the week — marking a decline of nearly 20% from its Sunday peak following Trump’s initial reserve announcement. Cardano’s ADA fell over 5% while Solana’s SOL shed 4% to hover around $138 as of Asian afternoon hours Saturday.

Bitcoin, by contrast, held up better, trading at $86,000—down 2.5% in the past 24 hours but showing relative resilience compared to the altcoin bloodbath.

The summit, chaired by Trump’s AI & Crypto Czar David Sacks, had been billed as a landmark event following the president’s earlier pledge to establish a U.S. crypto strategic reserve including BTC, ETH, XRP, SOL, and ADA.

Trump’s Sunday Truth Social posts had sparked a massive rally, with majors surging as much as 60% as traders bet on a transformative policy shift. However, Sacks’ clarification on Friday that Trump’s mention of five cryptocurrencies was merely illustrative — not a firm commitment — doused hopes of longer rallies.

Meanwhile, the embrace of bitcoin could eventually see other countries act in lockstep, potentially acting as bullish catalysts in the coming months.

“The US’ prioritisation of Bitcoin as a reserve asset not only legitimises its status as “digital gold’ but also sets a precedent that could accelerate regulatory frameworks and drive institutional adoption worldwide,” Vincent Chok, CEO of First Digital, told CoinDesk in an email. “This move will inevitably prompt a diverse range of responses from global regulators.’

“For those aligned with US policy, it could accelerate the establishment of their own national strategic stockpiles. Such federal confidence could inspire institutions to move on-chain, increasing participation, injecting liquidity into the decentralised finance market, and broadening interest beyond Bitcoin to other digital assets like stablecoins,” Chok added.

1. Background: What Is $XRP and Why the Speculation?

XRP Overview:

XRP is a digital asset developed by Ripple designed to facilitate fast and low-cost cross-border payments. Its primary use case is to act as a bridge currency between different fiat currencies, making international money transfers more efficient.



Speculation on Strategic Reserves:

In the crypto community, there has been speculation that a government—especially a major player like the U.S.—might consider buying XRP to diversify its reserves or to support a digital currency framework. The idea was that, if adopted on a large scale, XRP could serve as a hedge or alternative asset in a modernized financial system.

2. Trump’s Confirmation and Its Implications

Official Stance:

Trump’s confirmation that the U.S. will not buy $XRP for a strategic reserve decisively shuts down the rumors suggesting that XRP could soon be backed by government funds. This indicates that, at least according to his statements, the U.S. government is not considering XRP as a component of its national reserve strategy.
Reasons Behind the Decision:

Regulatory Uncertainty: XRP has been at the center of regulatory debates, particularly with the ongoing SEC lawsuit against Ripple. The lack of clear regulatory status makes it a risky asset for a government reserve.
Traditional Reserve Assets: Governments traditionally hold assets such as gold, foreign currencies, or government bonds as part of their strategic reserves. These assets are considered stable and have a long history of value retention, unlike highly volatile cryptocurrencies.
Risk Management: Adding a volatile and relatively new asset like XRP to a strategic reserve could expose the national economy to unnecessary risk. The decision reflects a cautious approach, favoring stability over potential high returns.
Market Impact:

Investor Sentiment: This confirmation may cool down some of the hype around XRP, as investors may have been banking on a potential government endorsement to drive its price upward.
Legitimacy and Future Use: While XRP remains an important digital asset for cross-border payments, its exclusion from U.S. strategic reserves signals that it won’t be given the kind of official backing that could drastically change its market dynamics.

3. Broader Implications for the Crypto Space

Government Policy on Digital Assets:

The statement reflects broader caution among governments when it comes to adopting cryptocurrencies as reserve assets. It highlights the challenges of integrating volatile digital assets into national financial systems.

Impact on Ripple’s Vision:

Ripple has long promoted $XRP as a solution for international payments, and its potential inclusion in strategic reserves could have been a game-changer. However, this decision means that Ripple will need to find other avenues to drive adoption and market growth.

Future Prospects for Crypto Adoption:

While XRP won’t be part of U.S. reserves, the crypto industry continues to explore other opportunities for digital assets. Institutional interest and technological innovation in blockchain remain strong, even if governments opt for a cautious approach.

1. Background: What Is $XRP and Why the Speculation?

XRP Overview:

XRP is a digital asset developed by Ripple designed to facilitate fast and low-cost cross-border payments. Its primary use case is to act as a bridge currency between different fiat currencies, making international money transfers more efficient.



Speculation on Strategic Reserves:

In the crypto community, there has been speculation that a government—especially a major player like the U.S.—might consider buying XRP to diversify its reserves or to support a digital currency framework. The idea was that, if adopted on a large scale, XRP could serve as a hedge or alternative asset in a modernized financial system.

2. Trump’s Confirmation and Its Implications

Official Stance:

Trump’s confirmation that the U.S. will not buy $XRP for a strategic reserve decisively shuts down the rumors suggesting that XRP could soon be backed by government funds. This indicates that, at least according to his statements, the U.S. government is not considering XRP as a component of its national reserve strategy.
Reasons Behind the Decision:

Regulatory Uncertainty: XRP has been at the center of regulatory debates, particularly with the ongoing SEC lawsuit against Ripple. The lack of clear regulatory status makes it a risky asset for a government reserve.
Traditional Reserve Assets: Governments traditionally hold assets such as gold, foreign currencies, or government bonds as part of their strategic reserves. These assets are considered stable and have a long history of value retention, unlike highly volatile cryptocurrencies.
Risk Management: Adding a volatile and relatively new asset like XRP to a strategic reserve could expose the national economy to unnecessary risk. The decision reflects a cautious approach, favoring stability over potential high returns.
Market Impact:

Investor Sentiment: This confirmation may cool down some of the hype around XRP, as investors may have been banking on a potential government endorsement to drive its price upward.
Legitimacy and Future Use: While XRP remains an important digital asset for cross-border payments, its exclusion from U.S. strategic reserves signals that it won’t be given the kind of official backing that could drastically change its market dynamics.

3. Broader Implications for the Crypto Space

Government Policy on Digital Assets:

The statement reflects broader caution among governments when it comes to adopting cryptocurrencies as reserve assets. It highlights the challenges of integrating volatile digital assets into national financial systems.

Impact on Ripple’s Vision:

Ripple has long promoted $XRP as a solution for international payments, and its potential inclusion in strategic reserves could have been a game-changer. However, this decision means that Ripple will need to find other avenues to drive adoption and market growth.

Future Prospects for Crypto Adoption:

While XRP won’t be part of U.S. reserves, the crypto industry continues to explore other opportunities for digital assets. Institutional interest and technological innovation in blockchain remain strong, even if governments opt for a cautious approach.

In a shocking move, President Donald Trump has officially signed an executive order confirming the U.S. government will NOT purchase XRP or any other altcoins for its strategic crypto reserve. Instead, only Bitcoin (BTC) will be included! 🔥⚡

📜 What Happened?

🔹 On March 2, Trump hinted at a digital asset reserve including BTC, ETH, XRP, ADA, and SOL—but this was only on Truth Social, with no formal order.

🔹 March 6: Trump finally signed the executive order—but with a huge twist! While Bitcoin gets priority, altcoins won’t be purchased beyond what’s already in government possession.

💰 US Government’s Crypto Holdings

✅ 200,000 BTC already held by the US government 🏦

✅ Previously seized from criminals, now designated as a Strategic Bitcoin Reserve

❌ No additional purchases of XRP, ETH, ADA, or SOL

⚠️ Bitcoin will be treated like gold, while other cryptos will fall under a separate Digital Asset Stockpile

📢 Key Takeaways from the Executive Order

✔️ A Strategic Bitcoin Reserve will be managed by the Treasury Department

✔️ Bitcoin cannot be sold—protecting it as a long-term asset

✔️ The Treasury & Commerce Departments can acquire more BTC—but only if it doesn’t burden taxpayers

✔️ Altcoins like XRP, ETH, ADA & SOL won’t be acquired unless obtained through legal forfeitures

🔍 XRP Community Reactions

❓ What about the Ripple lawsuit? Some speculate the government could acquire XRP if Ripple settles with the SEC, possibly paying $125M in XRP 🤯

❓ Does the government secretly hold altcoins? Some believe there might be small amounts of XRP, ADA & SOL obtained through lesser-known cases.

💬 What Do You Think?

🚀 Is this bullish for Bitcoin?

💥 Will XRP ever make it to the Strategic Reserve?

👀 Could this impact the ongoing Ripple case?

Drop your thoughts below! 🔥👇

🛑 Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.

#NFPCryptoImpact #TexasBTCReserveBill #Trump’sExecutiveOrder #MarketPullback #MexicoEndsTariff

Big news in the crypto world! President Donald Trump has officially signed an executive order creating a crypto strategic reserve—but here’s the twist: The US won’t be buying $XRP , $ETH , Cardano , or $SOL ! 🚫📉

🔥 What’s the Deal?

🔹 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.

🔹 After four days of anticipation, Trump finally signed the executive order on March 6—but it separates Bitcoin from other altcoins and confirms that the government will not buy additional XRP or other altcoins.

💎 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 BTC—most of it seized from criminals! However, past sales of these holdings reportedly cost taxpayers $17 BILLION in lost value 😱💸.

💡 New policy change: Instead of selling BTC, the government is now treating it like gold and storing it in a Strategic Bitcoin Reserve! 🚀🔐

📜 What’s in the Executive Order?

✔️ Establishes the 🇺🇸 Strategic Bitcoin Reserve & US Digital Asset Stockpile

✔️ BTC seized by the government will go into this reserve instead of being sold 🏦

✔️ Treasury & Commerce Departments will strategize how to acquire more BTC—but without extra taxpayer costs 💡💰

✔️ Altcoins (XRP, ETH, ADA, SOL, etc.) will be kept in the US Digital Asset Stockpile but won't be purchased 🤷‍♂️

📊 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 they’ll be managed! 👀🔎

🚀 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 doesn’t currently own these assets in large amounts 🤔.

💭 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 government’s holdings could grow—but this is purely speculation for now! 🤯⚖️

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 aren’t significant.

🔮 What’s Next?

With Bitcoin now a protected financial asset and altcoins left out, the US crypto strategy is changing FAST! Could this move pump BTC’s price? And what does it mean for XRP’s future in government hands? 🚀💭

Drop your thoughts in the comments! 👇💬

📢 Disclaimer: This is NOT financial advice—just keeping you in the loop! Stay safe in the crypto space! 🔥🚀
#Xrp🔥🔥 🔥🔥 #BBWDocuSeries #USJobsData #TexasBTCReserveBill #MtGoxTransfers

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.
Follow LACHAKARI

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.

According to Sacks, these Bitcoin sales had cost US taxpayers an estimated $17 billion in lost value, as confirmed yesterday by The Crypto Basic. The new policy aims to maximize the government’s holdings by securing Bitcoin as a strategic asset, similar to gold. 
Executive Order Details
Particularly, details of the executive orderofficially confirmed the establishment of the Strategic Bitcoin Reserve and the United States Digital Asset Stockpile. The Treasury Department is responsible for managing these assets, with specific policies for their oversight.
Notably, Bitcoin held by the government, primarily obtained through asset forfeitures, will be transferred to the Strategic Bitcoin Reserve. Unlike previous practices, the order prohibits the sale of Bitcoin from this reserve, confirming its position as a protected financial resource. 
Pee the order, the Treasury and Commerce Departments will develop strategies for acquiring more Bitcoin, as long as they are budget-neutral and do not add costs to taxpayers. This might contrast Senator Cynthia Lummis’ proposal of purchasing 1 million BTC.
Meanwhile, altcoins, including XRP, Ethereum, Cardano, and Solana, will fall under the United States Digital Asset Stockpile. However, the order explicitly states that the government will not purchase more of these assets beyond what it acquires through legal forfeitures. 
The Treasury will manage them under a separate framework and may dispose of them based on legal or regulatory considerations.
The executive order also requires federal agencies to conduct an audit of all government-owned digital assets within 30 days. This report will determine the full extent of crypto holdings and facilitate the transfer of assets into the designated reserves.
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 speculatethat 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, suggestedthat 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.
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect LACHAKARI opinion. Readers are encouraged to do thorough research before making any investment decisions. LACHAKARI is not responsible for any financial losses.
$XRP

#xrp #Xrp🔥🔥 #BBWDocuSeries #USJobsSlump #MtGoxTransfers

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.
Follow LACHAKARI

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.

According to Sacks, these Bitcoin sales had cost US taxpayers an estimated $17 billion in lost value, as confirmed yesterday by The Crypto Basic. The new policy aims to maximize the government’s holdings by securing Bitcoin as a strategic asset, similar to gold. 
Executive Order Details
Particularly, details of the executive orderofficially confirmed the establishment of the Strategic Bitcoin Reserve and the United States Digital Asset Stockpile. The Treasury Department is responsible for managing these assets, with specific policies for their oversight.
Notably, Bitcoin held by the government, primarily obtained through asset forfeitures, will be transferred to the Strategic Bitcoin Reserve. Unlike previous practices, the order prohibits the sale of Bitcoin from this reserve, confirming its position as a protected financial resource. 
Pee the order, the Treasury and Commerce Departments will develop strategies for acquiring more Bitcoin, as long as they are budget-neutral and do not add costs to taxpayers. This might contrast Senator Cynthia Lummis’ proposal of purchasing 1 million BTC.
Meanwhile, altcoins, including XRP, Ethereum, Cardano, and Solana, will fall under the United States Digital Asset Stockpile. However, the order explicitly states that the government will not purchase more of these assets beyond what it acquires through legal forfeitures. 
The Treasury will manage them under a separate framework and may dispose of them based on legal or regulatory considerations.
The executive order also requires federal agencies to conduct an audit of all government-owned digital assets within 30 days. This report will determine the full extent of crypto holdings and facilitate the transfer of assets into the designated reserves.
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 speculatethat 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, suggestedthat 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.
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect LACHAKARI opinion. Readers are encouraged to do thorough research before making any investment decisions. LACHAKARI is not responsible for any financial losses.
$XRP

#xrp #Xrp🔥🔥 #BBWDocuSeries #USJobsSlump #MtGoxTransfers