The US government’s crypto reserve is gaining attention, with increasing speculation about whether cryptocurrencies like XRP, Solana (SOL), and Cardano (ADA) will be part of the holdings.
Previously, President Donald Trump signed an executive order to establish a Bitcoin reserve, but it remains uncertain whether these altcoins will be included in the government’s digital asset portfolio.
This week, the Treasury and other government agencies are set to meet and disclose their Bitcoin and cryptocurrency reserves, offering more clarity on this issue. Bitcoin Magazine CEO David Bailey recently posted that a crucial audit of the government’s crypto holdings will be completed by April 5, 2025.
Bailey teased that the audit will provide significant insights into the government’s Bitcoin holdings, which are distributed across various federal agencies.
What Are the Other Cryptocurrencies?
Bailey also mentioned that the audit could address some of the lingering questions surrounding recent market price movements, as it may not only reveal details about Bitcoin but also about other cryptocurrencies like XRP, SOL, and ADA.
While Bitcoin enthusiasts have expressed concerns about the inclusion of other cryptocurrencies, the audit could offer much-needed clarity regarding whether these altcoins will be part of the government's digital portfolio.
Looking Ahead: Currently, the US government holds 198,012 Bitcoin, valued at approximately $16 billion, according to Arkham Intelligence. Over the last decade, the government has seized around 400,000 Bitcoins through criminal and civil forfeitures. While these Bitcoin holdings are well-documented, the government’s altcoin assets remain unclear. The upcoming audit is expected to shed light on this aspect and may reveal more about the government’s stance on altcoins moving forward.
