The decision to establish an official U.S. crypto reserve has sparked widespread interest. With the Treasury Department set to reveal its digital asset holdings on April 5, attention turns to which cryptocurrencies will be included.
The Creation of US Crypto Reserve
On March 6, Donald Trump signed an executive order to create the U.S. Strategic Digital Asset Reserve, also known as the Digital Asset Stockpile, which will include various cryptocurrencies. Federal agencies are required to report their crypto holdings to the Treasury by April 5. The Treasury and Commerce Secretaries have the authority to expand the reserve using strategic deals.
Key Altcoins
Before signing the order, Trump hinted at his preferred digital assets on Truth Social. Alongside Bitcoin, he mentioned Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). These cryptocurrencies could become significant components of the U.S. reserve.
Impact on Cryptocurrency Market
The assets included in the reserve are among the top cryptocurrencies by market capitalization. Bitcoin leads with a market cap of $1.69 trillion, followed by Ethereum at $225.4 billion. XRP, Solana, and Cardano have market caps of $123.6 billion, $64.8 billion, and $24.14 billion respectively. If these holdings are confirmed by federal agencies, it could trigger a notable price rally.
The establishment of a U.S. crypto reserve may significantly impact market trends in the crypto sphere, highlighting the importance of digital assets in the national economy.
