Peter Schiff has confirmed that the American government will not buy Ethereum (ETH), XRP, Cardano (ADA) or Solana (soil) for its cryptographic participations. Instead, the recently established Bitcoin Strategic Reserve (SBR) will only consist of Bitcoin (BTC) entered, strengthening its dominant digital asset status. Although the executive decree signed today leaves room for potential Bitcoin purchases, they would probably require the approval of the congress.
Altcoins are excluded from the reserve
Previous reports had suggested that an “crypto reserve” could include XRP, ADA, Sol and ETH, causing an increase in their prices. Meanwhile, according to today’s update, the US government has created a stock of digital assets for altcoins like XRP, Ethereum, Cardano and Solana, but it will only buy – it is only what is seized by legal actions. Managed separately by the Treasury, these assets can be held or sold according to the regulations. Meanwhile, Bitcoin obtains a dedicated Bitcoin Strategic Reserve (SBR), strengthening its key asset status. An audit within 30 days will reveal the total of the government’s cryptography assets and organize them in the appropriate reserves, highlighting Bitcoin priority on Altcoins.
However, Schiff said that the government will not actively acquire these assets. Instead, the government will create a separate “storage of digital assets” for confiscated altcoins, but no new token will be added beyond those who are already seized.
In addition, Arkham’s data also confirms that the United States has Zero XRP, Sol and ADA, which means that the previous expectation of a wider crypto reserve has been completely rejected.
While the Crypto Moon Lambo analyst suggests that the United States could already have XRP, ETH, ADA or Sol forfeiture from less known confiscations, but if this is the case, the quantities are probably very small and insignificant.
What does the government currently hold?
The US government is currently holding nearly 200,000 BTCs, obtained by various crises. Although this Bitcoin reserve remains the main objective, the government also has around $ 176 million from ETH and $ 27 million in BNB. However, XRP, ADA and Sol have not been confiscated, which raises questions about their inclusion in the stock.
Market reactions and future implications
The cryptographic community, in particular the defenders of Bitcoin, praised the government’s decision because it differentiates the BTC from other cryptocurrencies. This development strengthens the perception of Bitcoin as “digital gold” and the legitimate more as a strategic asset. However, the exclusion of the main altcoins disappointed investors who previously speculated on their inclusion.
In the future, the Government’s approach in terms of crypto remains a field of key interest, in particular to find out if Bitcoin purchases will be approved and how the stock of digital assets will be managed.
Never miss a beat in the world of cryptography!
Stay in advance with the news, expert analysis and real -time updates on the latest Bitcoin, Altcoins, DEFI, NFTS, etc. trends
