The White House “Crypto Czar” David Sacks said that the market is “read too much,” in Donald Trump’s mention of Solana (SOL), Cardano (ADA) and XRP for US digital asset stocks.
Sacks said in an interview with Bloomberg Technology:
“The president just mentioned the top five cryptocurrencies with a market cap. So I think people are reading too much. He just mentioned the top fifth place. “
He also said it included Altcoin steaks or sales measures held in stockpiles.
ALTCOIN audit
SACKS said the US government thanked its encryption and confirmed that some altcoin would be stored in the authorities. After classifying the Altcoin amount, the government will move all coins other than Bitcoin (BTC) to stockpile.
SACKS estimates that the United States has about 200,000 BTC and some Etherrium (ETH), but the rest is not clear.
On March 2, Trump mentioned SOL, ADA and XRP when discussing the creation of “encryption strategy reserve forces”. The president on March 6 Signed an administrative order About the problem by creating a strategic bitcoin protection area at the same time.
Steaking and re -adjustment
SACKS emphasized that US Treasury Minister SCOTT BESSENT will exercise “responsible stewardship” for Altcoins held by stockpiles.
This includes the discretion of reassembling the Altcoin portfolio for the benefit of US citizens.
The sack is as follows:
“The Finance Minister and his team will be able to exercise their portfolio management and responsible stewards. And yes. It may include staying, can be restructured, and can include sales. ”
But he said that this theoretical basis would not be applied to strategic Bitcoin protection zones.
The reserve troops are composed of Bitcoin seized through crime and civil confiscation to prevent sales, and SACKS said that the United States wants a long -term strategy to maximize the value of BTC holding.
He stressed that Bitcoin is a long -term preliminary asset, “a strategy that can be lacking, valuable and strategically.”
“There is an objective difference because Bitcoin wants to keep it in the long run. The goal of the reserve army is long -term preservation. The goal through stockpiles is the responsible stewardship and asset portfolio management. ”