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White House “Crypto CZAR” David Sachs The market said, “Read very little” to the president Donald Trump Solana mentioned (Teller), Cardano (Lead) And Xrp For US digital assets.
During an interview with Bloomberg Technology, Sacks said:
The president has just mentioned the five encrypted currencies according to the maximum market. So I think people only read about this, I just mentioned the top five. “
He also revealed that the inventory includes measures to participate or sell the preserved altcoins.
Altcoin Auditing
Sachs said that the United States government will review encryption property and verify stored with the authorities. After sorting the altcoin amounts, the government will move each currency alongside Bitcoin (BTC) To the stock to save it.
The bags estimated that the United States currently has nearly 200,000 BTC and some ETAREUM (Eth), But it is not sure the rest.
On March 2, Trump Sol, Ada and XRP mentioned when discussing the creation of a “strategic coding reserve”. He became officially of the US digital assets on March 6, when the president The executive order signed In this regard with the creation of a strategic bitcoin reserve at one time.
Staking and rebalancing
Sacks highlighted that Scott Bessent, Secretary of the US Treasury, will then exercise “responsible supervision” on Altcoins that the inventory holds.
This includes the discretionary authority to rebalance the Altcoin portfolio in the interest of American citizens and may go.
Classes:
“The treasury minister and his team will be able to exercise the administration of the governor and the responsible supervision. Yes, this can include attention, and it may include re -balance, and it can include sales.”
However, he explained that this logical basis will not be applied to the Bitcoin Strategic Reserve.
The Bitcoin reserve consists of seized through criminal and civil confiscation, and it is forbidden to sell, and Sacks said that the United States wants a long -term strategy to increase the value of BTC’s possessions.
While highlighting that the United States believes that Bitcoin is “rare, value and strategy to keep” as a long -term reserve origin, he said:
“Bitcoin we want to maintain long -term, so there is a difference in the target. With reserve, the goal is to maintain the long term. With stock, the goal is responsible supervision, and the management of the assets portfolio.”
