Trump Considers XRP, Solana, Cardano In Crypto Strategy – What’s The Real Reason?
Why did Trump mention XRP, Solana (SOL) and Cardano (ADA) in the US crypto strategy?
According to White House advisor on Crypto and AI, David Sacks , that’s simply because they are among the largest digital assets today.
White House: “Don’t Read Too Deep Into This”
Sacks said Trump only used examples from the top 5 cryptocurrencies by capitalization . However, data from CoinGecko shows that Binance Coin (BNB) is actually in the top 5, while ADA is in 8th place . This makes many people doubt the government’s selection criteria.
Trump signed an executive order to establish a Strategic Bitcoin Reserve , using BTC seized from crimes.
However, other digital assets will not be included in this reserve but will be put into a separate category called the “Digital Asset Reserve” , where the government can restructure, stake or sell as needed .
Sacks admitted that the government has not yet determined whether it owns these altcoins . An audit is underway to count the amount of digital assets seized.
Sacks also criticized the US for selling BTC in the past, losing about $17 billion if it kept it. This could cause the government to change the way it manages digital assets in the future.
