Crypto Czar: US Treasury Will Work to Maximize Values of XRP, Bitcoin

The U.S. government is preparing to take a more strategic approach to managing its cryptocurrency assets. White House crypto czar David Sacks recently revealed that the Treasury Department is developing a plan to maximize the value of its digital holdings, including Bitcoin and potentially XRP.

This initiative aligns with President Donald Trump’s vision of establishing a national crypto reserve. During an appearance on the All In Podcast, Sacks explained the administration’s new strategy, which focuses on long-term asset management rather than quick liquidations.

He confirmed that Treasury Secretary Scott Bessent will oversee the effort, leveraging his background in hedge fund management to ensure a more calculated approach to the government’s crypto portfolio.

A Shift in Crypto Management Strategy

The U.S. government’s crypto holdings include approximately 200,000 BTC. This could have been significantly higher if past administrations had taken a more forward-thinking approach.

According to Sacks, the government previously controlled nearly 400,000 BTC but sold a large portion for just over $350 million. Had it chosen to hold instead, those assets would now be worth tens of billions of dollars.

Recognizing this misstep, the current administration aims to change course. The plan involves consolidating and properly managing the government’s digital assets within a structured crypto stockpile.

The focus will be on protecting and growing these assets rather than selling them for immediate gains. Sacks emphasized that the primary objective is to ensure the long-term value of the holdings.

Plans to Expand Holdings Without Cost to Taxpayers

The government intends to increase its crypto reserves as part of this initiative without direct purchases. Industry experts, including Senator Cynthia Lummis, have suggested that some of the nation’s gold reserves could be converted into Bitcoin, though no official decision has been made.

While the administration is not actively acquiring altcoins, it does plan to retain any received digital assets instead of liquidating them.

XRP’s Role in the Government’s Crypto Strategy

XRP has emerged as a key point of discussion in the government’s evolving crypto strategy. The U.S. does not currently hold any XRP, but Yassin Mobarak, a well-known crypto expert, recently showed how the desires of the XRP army and the U.S. government are aligned through this new plan.

He believes the government can acquire XRP if Ripple pays its $125 million penalty in XRP. Mobarak suggested that with the government having a direct stake in XRP’s success, restrictions that have historically hindered its use in the U.S. might be reconsidered. Removing these barriers could allow XRP to function as intended, potentially leading to price appreciation.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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