The US government’s strategic crypto reserve has been a hot topic of discussion, sparking expert opinions and debates.
The US government’s strategic crypto reserve has been a hot topic, sparking expert opinions and debates. While President Donald Trump already signed an executive order for a Bitcoin reserve, the fate of XRP, SOL, and ADA hangs in balance. However, the Trump administration’s upcoming disclosure of its crypto holdings could bring clarity to the inclusion of altcoins in the US reserve.
According to a recent X post by Bitcoin Magazine CEO David Bailey, the US government will complete an audit of the country’s Bitcoin holdings this Saturday.
“Depending on what we learn, might answer many of the open questions about the recent price action. The US is auditing its Bitcoin holdings this Saturday. They'll be reporting on what they find. It'll be interesting to see what the final number is and how it breaks down across different agencies,” Bailey stated.
The upcoming audit will provide a detailed inventory of the government’s Bitcoin portfolio, which is held in fractions across several federal agencies. It will also provide insights into the collection of other major cryptocurrencies, including XRP, SOL, and ADA. Thus, this audit could also provide clarity on the possibility of including these altcoins in the US crypto reserve.
Earlier this year, President Donald Trump proposed a strategic crypto reserve to include XRP, ADA, and SOL in the US reserve. This development came amid speculations of the US adopting Bitcoin as a reserve asset.
However, Trump’s move sparked criticism, with Bitcoin maximalists questioning the legitimacy of other cryptocurrencies to be a national reserve. While Trump signed an executive order for establishing a BTC reserve, the fate of the altcoin reserve is still uncertain.
But the US government’s decision to disclose its Bitcoin and other crypto holdings this week could bring transparency and clarity to the nation’s digital assets. The audit may also shed light on the potential developments within the government and its decision on altcoins.
According to Arkham Intelligence data, the US government currently holds a total of 198,012 BTC, valued at approximately $16 billion. Meanwhile, crypto czar David Sacks stated that the US government has seized around 400,000 Bitcoin through civil and criminal asset forfeitures over the past decade.
However, the government’s holdings in altcoins like XRP, SOL, and ADA are still unknown. But experts believe that the upcoming audit could provide crucial details on the government’s altcoin portfolio and reserve management strategies.
