The US government’s crypto reserve has been talked about more than ever, especially since there is uncertainty around whether cryptocurrencies such as XRP, Solana (SOL), and Cardano (ADA) will be included.
President Donald Trump had previously signed an executive order to create a Bitcoin reserve, but the inclusion of these altcoins is still unclear.
Treasury and other governmental agencies are meeting this week to disclose their reserves of Bitcoin and cryptocurrency, bringing more clarity to this question as well.
According to a recent post by Bitcoin Magazine CEO David Bailey, this crucial audit will be completed by April 5, 2025. Bailey’s post teased that the audit would offer significant details about the government’s Bitcoin holdings, which are spread across various federal agencies.
He said, “Depending on what we learn, might answer many of the open questions about the recent price action.” The audit will not only cover Bitcoin but could also offer a look at other cryptocurrencies, including XRP, SOL, and ADA.
Meanwhile, Bitcoin enthusiasts have criticized the idea of including other cryptocurrencies. But the audit could clear things up and show whether XRP, SOL, and ADA will be part of the government’s crypto portfolio.
The US government currently holds 198,012 Bitcoin, worth around $16 billion, according to Arkham Intelligence. Over the last decade, the government has seized about 400,000 Bitcoins through criminal and civil forfeitures.
While these Bitcoin holdings are well-known, the government’s altcoin assets are still unclear. The upcoming audit is expected to provide clarity on this front and may also give more details about the government’s plans for altcoins.
Also Read: XRP Price Prediction For April 2025: What’s Next For Ripple?
