**White House Crypto and AI Czar David Sachs Explains Trump’s Mention of XRP, SOL, and ADA in Crypto Reserve Remarks**
David Sachs, the White House Crypto and AI Czar, recently clarified why President Donald Trump referenced Ripple-promoted XRP, Solana (SOL), and Cardano (ADA) in his comments about a U.S. crypto strategic reserve on March 2. According to Sachs, Trump highlighted these assets because they rank among the top five largest cryptocurrencies by market capitalization. “I think the president just gave five examples of cryptocurrencies in his post. Those five have to be the largest by market cap,” Sachs shared with reporters ahead of Friday’s White House Crypto Summit. “I think people are reading into that a little bit too much. The bottom line is, I think that what we’ve announced here is consistent with what the president has always said about the space.”
However, data from CoinGecko indicates that the senior White House official’s statement may not be entirely accurate. Excluding the two largest stablecoins—Tether’s USDT and Circle’s USDC—the five biggest cryptocurrencies by market value are Bitcoin, Ethereum, XRP, Binance’s BNB, and SOL, with ADA sitting in the eighth position on the crypto leaderboard.
**Trump’s Bitcoin Reserve vs. Crypto Stockpile**
On March 6, Trump signed an order directing his administration to establish a Bitcoin Strategic Reserve, funded by the U.S. government’s seized bitcoin holdings. While Bitcoin stands alone in this newly announced strategic reserve, other cryptocurrencies seized by the U.S. government through civil and criminal forfeitures will be combined to form a separate Digital Assets Stockpile. As previously reported by ZyCrypto, some industry experts have raised concerns about including XRP, ADA, and SOL in the national stockpile, pointing to the lower levels of developer activity and decentralization compared to Bitcoin and Ethereum.
Sachs mentioned that they are “not sure” if the federal government possesses any of these altcoins, reiterating the Executive Order’s call for a comprehensive audit of its current reserves. “In terms of what we’ll actually have, we have to do the accounting,” he noted. “We know it owns Bitcoin. I believe it owns some Ethereum. I’m not sure about the other ones. No one’s able to give us a straight answer yet.”
Following the audit, the Secretary of the Treasury and their team will be responsible for managing the portfolio, ensuring that the assets are handled in a manner that benefits the long-term interests of the American people. Sachs indicated that this could involve various financial strategies, including staking, rebalancing, or even selling certain assets at the discretion of the Treasury Secretary. “And yes, that could include staking, it could include rebalancing, [and] it could include sales,” Sachs explained. “These are all options they can pursue if the Secretary of the Treasury believes these are in the long-term interest of the American people.”
Notably, Sachs recently expressed disappointment over the U.S. government’s sale of Bitcoin, highlighting that it has already missed out on a significant amount.
