David Sacks downplays Trump’s altcoin mention after Bitcoin reserve EO

The White House and Tsar Crypto David Sacks AI tackled speculation about the possibility of including altcoins in a crypto reserve.

Last weekend, President Donald Trump spoke (Xrp), Solana (GROUND), and Cardano (ADA) As part of a strategic reserve of American American crypto. The tokens and other digital assets have reached two-digit gains as billions have passed in cryptocurrencies.

The debates broke out after Trump’s announcement because many examined the decentralization and the value proposal of these altcoins. For the most part, a reserve is exclusively labeled in Bitcoin (BTC) is the best route. Some supposed this Ethereum (Ethn) should be the obvious choice if an altcoin must appear in the reserve.

“He has just mentioned the first five”, Sacks said Shortly before the first summit of White House cryptography during a Bloomberg TV interview. “Well, the president has just mentioned the first five cryptocurrencies by market capitalization, so I think that people read a little too much of that,” said Sacks. XRP and ADA have dropped more than 6% on the news, while Sol has shown a modest withdrawal.

On March 6, President Trump sign A second decree for the American cryptographic strategy. The OE aims to establish an American Bitcoin reserve and a stock of digital assets, which would include altcoins already held by the government.

The OE has included an audit of America Crypto Holdings. The authorities hold about 198 109 BTC, but how the government has in Ethereum or XRP is the assumption of anyone.

“We know he has Bitcoin. I think he has an Ethereum. I’m not sure of others. No one has yet been able to give us a direct response. Said bags.

Hope for cryptography

The creation of a stock of digital assets would mean that the government would not buy new altcoins and only manage its existing cache. However, Sacks’ remarks have referred to potential investment strategies to maximize these assets if they exist.

Sacks said that the US Treasury Secretary Scott Bessent would be able to “exercise portfolio management” for all altcoins in the stock. More specifically, the government would plan to join these tokens, depending on the bags. Bessent has already said that the United States had to lead The global cryptography agenda.

The markup of cryptography was essentially a taboo under the previous administrations. Agencies such as Securities and Exchange Commission have suppressed practice and have prohibited companies like Kraken from providing punishment for American investors.

The regulatory winds have changed with the second pass of President Trump to the White House. The dry was revaluation Its stand on the crypto jals under the acting chair Mark Uyeda.