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Bitcoin, Ripple, Ethereum, Solana, Cardano Could Be Designated Under Trump's Executive Order
Speculation is mounting that President Donald Trump may issue an executive order to include five major cryptocurrencies—Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Solana (SOL), and Cardano (ADA)—in the U.S. Treasury's reserve holdings, coinciding with his announcement of reciprocal tariffs.
US Treasury's Crypto Holdings Disclosure Sparks Altcoin Inclusion Debate
According to reports from New York stock market sources and CoinGape, the U.S. Treasury and federal agencies are set to disclose their cryptocurrency holdings following an asset audit. This disclosure has ignited keen interest in whether altcoins like XRP, SOL, and ADA will be included in the national reserve. This audit is viewed as a critical indicator of the policy direction following Trump's "Bitcoin Reserve Asset" executive order.
Trump's Strategic Crypto Reserve Plan Meets Resistance, Altcoin Consideration Ongoing
The Trump administration has already designated Bitcoin as a strategic reserve asset and is reportedly considering expanding this designation to include altcoins. Despite pushback from Bitcoin maximalists, the government is expected to formalize its holdings and inclusion strategy through the audit. The U.S. government currently holds approximately 198,012 BTC, while its altcoin holdings remain undisclosed.
Market Anticipates Regulatory Clarity and ETF Potential
David Bailey, CEO of Bitcoin Magazine, suggested on X that the audit could shed light on Bitcoin's price movements. Experts believe it will provide transparency on the government's crypto strategy and potentially bolster the standing of altcoins like XRP. The crypto industry anticipates that this government-level asset disclosure will bring regulatory clarity and pave the way for ETFs and broader institutional adoption.
Trump Expands Crypto Engagement, Ventures Into Bitcoin Mining
Trump has articulated his commitment to fostering the crypto industry, aiming to strategically stockpile Bitcoin and Ethereum, with plans to include XRP, SOL, and ADA. His sons are also expanding their involvement in the crypto sector by investing in Bitcoin mining. They are set to acquire a 20% stake in American Bitcoin through a merger with Hut 8, aiming to establish one of the world's largest Bitcoin mining operations and build a substantial Bitcoin reserve.
Trump Family Diversifies Crypto Portfolio, Eyes Future Growth
Through American Data Center, Trump's sons are venturing into Bitcoin mining, with plans for IPO and strategic partnerships. Eric Trump has hinted at potential collaborations with World Liberty Financial (WLF), indicating a diversified approach to their crypto endeavors.