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Trump’s Executive Order Confirms XRP as Part of US Stockpile and Bitcoin as Only Reserve Asset
Trump’s Executive Order Confirms XRP as Part of US Stockpile and Bitcoin as Only Reserve Asset
March 7, 2025
XRP and Bitcoin
President Donald Trump signed a new executive order establishing a digital asset reserve exclusively for Bitcoin and a national stockpile for XRP and other altcoins.
The order, signed yesterday, outlined the framework for creating the highly anticipated U.S. Crypto Reserve. Notably, the order mandated the establishment of a strategic Bitcoin-only reserve and a digital asset stockpile that includes altcoins—presumably cryptocurrencies such as XRP, ADA, SOL, and ETH.
Bitcoin-only Reserve
According to the order, the strategic digital asset reserve will exclusively hold Bitcoin, the world’s largest cryptocurrency by market capitalization. David Sacks, White House AI & Crypto Czar, disclosed that the establishment of this reserve will not incur any costs to taxpayers.
He noted that the government would fund the reserve using the nearly 200,000 Bitcoins obtained through criminal and civil forfeiture. The U.S. government currently holds 198,109 BTC worth $17.33 billion and 750.22 wBTC valued at $65.52 million.
Previously, investors had anticipated the government would auction its BTC holdings, as it had done in the past. According to Sacks, the premature sale of the government’s Bitcoin holdings resulted in a loss of $17 billion, prompting Trump to devise a strategy to maximize the value of the remaining BTC. Therefore, he ordered that the nearly 200,000 BTC be deposited in a reserve and held as a store of value.
Furthermore, the United States aims to increase the Bitcoin held in the reserve by acquiring more BTC through budget-neutral methods. Consequently, Trump directed Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to explore how the country can finance additional Bitcoin purchases without incurring costs to taxpayers.
Digital Asset Stockpile
Additionally, Trump’s recently signed executive order mandates the creation of a digital asset stockpile that will feature only altcoins.
Sacks confirmed FOX Business Journalist Eleanor Terrett’s statement that this stockpile will presumably include the altcoins Trump highlighted over the weekend, which consist of XRP, Solana, Ethereum, and Cardano.
Similar to the Bitcoin-only reserve, the U.S. government will create the stockpile using assets “forfeited in criminal or civil proceedings.”
Of the four altcoins Trump mentioned as part of the reserve initiative over the weekend, the U.S. government only holds Ethereum, totaling 56,035 ETH ($120.96 million). Although it does not exclusively hold XRP, Solana, or Cardano, it currently possesses other altcoins and stablecoins. In particular, the U.S. government holds over $120 million in stablecoins and altcoins worth over $200 million.
With the government expressing interest in holding XRP, Solana, and Cardano, it could convert some of its altcoin holdings into these assets and deposit them in the stockpile. It remains to be seen whether the government might pursue this approach.
Nonetheless, the executive order explicitly stated that the government would not seek ways to acquire additional assets for the stockpile beyond what it has already obtained through criminal or civil forfeiture.
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