Key takeout
- Trump mentioned it because of the large market capitalizations of XRP, SOL and ADA.
- The assets are part of the proposed US Crypto Strategic Preparation Initiative.
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Speaking on Bloomberg TV on Friday, White House AI and Crypto Czar David Sacks revealed that President Trump had mentioned XRP, Solana (SOL) and Cardano (ADA) in previous statements because of his position among the top five crypto assets by market capitalization.
“The president has just mentioned the top five cryptocurrencies by market capitalization,” Sachs said. “I think people are just reading that a little too much. He just mentioned the top five.”
According to data from Coingecko, XRP has a market capitalization of around $139 billion, currently ranked as the fourth largest crypto asset.
Sol I'm standing Its market capitalization is $72 billion, with an ADA of $29.6 billion. if Exclusion STABLECOINS, SOL, is currently the fifth largest crypto asset, while ADA is the seventh.
Trump establishes digital asset stockpile without new purchases
President Trump signed an executive order on Thursday to create a strategic Bitcoin reserve and a US digital asset stockpile, using seized cryptography to prevent the purchase of new tokens immediately.
Separately operated US digital asset stockpiles hold non-Bitcoin digital assets. Unlike Bitcoin Reserves, the government does not actively acquire additional crypto assets beyond the seizures. The Treasury Secretary retains the authority to sell these assets when it appears necessary.
Prior to this executive order, the United States missed the organized holdings and financial opportunities of various institutions because it had no clear policy on how to manage seized cryptocurrencies.
The federal government can wager or lend crypto holdings
When asked if the Treasury would explore ways to create additional value, he said that it could be the return from government crypto stockpiles, such as staking and lending.
“The idea for this executive order is to create a delegation,” he said. It is listed. “It was go To conduct an audit We're going Move them to another account for storage. ”
Under this framework, the Ministry of Finance and its teams will be entrusted with the portfolio Management, warranty The assets are processed in a way that serves the long-term benefits of the American people. According to the bag, This could include several financial strategies, such as selling specific assets, if necessary.
“Yes, you can do that include Staking, You can include rebalances, [and] Can be included Sale,” explained Sachs. “All of these are options that the Treasury Secretary can pursue if they believe they are in the long-term interests of the American people.”
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