The post U.S. Government Confirms Bitcoin-Only Reserve, Excludes Ethereum, XRP, and Altcoins appeared first on Coinpedia Fintech News
Peter Schiff has confirmed that the U.S. government will not be purchasing Ethereum (ETH), XRP, Cardano (ADA), or Solana (SOL) for its crypto holdings. Instead, the recently established Strategic Bitcoin Reserve (SBR) will consist solely of seized Bitcoin (BTC), reinforcing its status as the dominant digital asset. While the executive order signed today leaves room for potential Bitcoin purchases, these would likely require congressional approval.
Altcoins Are Excluded from the Reserve
Earlier reports had suggested that a “crypto reserve” might include XRP, ADA, SOL, and ETH, causing a surge in their prices. Meanwhile, as per today’s update, the U.S. government has created a Digital Asset Stockpile for altcoins like XRP, Ethereum, Cardano, and Solana, but it won’t buy more—it’s only keeping what’s seized through legal actions. Managed separately by the Treasury, these assets may be held or sold based on regulations. Meanwhile, Bitcoin gets a dedicated Strategic Bitcoin Reserve (SBR), reinforcing its status as a key asset. An audit within 30 days will reveal the government’s total crypto holdings and organize them into the appropriate reserves, highlighting Bitcoin’s priority over altcoins.
However, Schiff clarified that the government will not be actively acquiring these assets. Instead, the government will create a separate “Digital Asset Stockpile” for forfeited altcoins, but no new tokens will be added beyond those already seized.
Moreover, data from Arkham also confirms the U.S. owns zero XRP, SOL, and ADA, meaning the earlier expectation of a broader crypto reserve has been completely dismissed.
Whereas, crypto analyst Moon Lambo suggests the U.S. might already own some XRP, ETH, ADA, or SOL from lesser-known forfeitures, but if so, the amounts are likely very small and insignificant.
What Does the Government Currently Hold?
The U.S. government currently holds close to 200,000 BTC, obtained through various seizures. While this Bitcoin reserve remains the primary focus, the government also possesses around $176 million worth of ETH and $27 million worth of BNB. However, XRP, ADA, and SOL have not been forfeited, raising questions about their inclusion in the stockpile.
Market Reactions and Future Implications
The crypto community, particularly Bitcoin advocates, have praised the government’s move, as it differentiates BTC from other cryptocurrencies. This development strengthens Bitcoin’s perception as “digital gold” and further legitimizes it as a strategic asset. However, the exclusion of major altcoins has disappointed investors who previously speculated on their inclusion.
Moving forward, the government’s approach to crypto remains a key area of interest, especially regarding whether Bitcoin purchases will be approved and how the Digital Asset Stockpile will be managed.
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