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U.S. government confirms Bitcoin reserve only, excluding Ethereum, XRP, and altcoins
The post was published: The U.S. government confirms Bitcoin reserves only, excluding Ethereum, XRP, and alternative currencies for the first time on Coinpedia Fintech News.
Peter Schiff confirmed that the U.S. government will not purchase Ethereum (ETH), XRP, Cardano (ADA), or Solana (SOL) for its cryptocurrency holdings. Instead, the recently created strategic reserve of Bitcoin (SBR) will consist only of confiscated Bitcoin (BTC), reinforcing its status as a dominant digital asset. While today's signed executive order leaves room for potential Bitcoin purchases, such purchases are likely to require Congressional approval.
Peter Schiff confirmed that the U.S. government will not purchase Ethereum (ETH), XRP, Cardano (ADA), or Solana (SOL) for its cryptocurrency holdings. Instead, the recently created strategic reserve of Bitcoin (SBR) will consist only of confiscated Bitcoin (BTC), reinforcing its status as a dominant digital asset. While today's signed executive order leaves room for potential Bitcoin purchases, such purchases are likely to require Congressional approval.
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