(Note: If you’re looking for more news regarding cryptocurrency, please visit our website Bitcoin Commando. All crypto news will be posted there. ~ Dinar Chronicles)
Seeds of Wisdom
TRUMP’S BITCOIN RESERVE PLAN: FUNDED BY CONFISCATED CRYPTO, NOT TAXPAYER’S WALLET
Trump orders U.S. Bitcoin reserve using seized assets, securing crypto holdings without taxpayer funds & reshaping digital finance.
U.S. Bitcoin stockpile signals global shift as other nations may race to establish their own reserves, boosting crypto adoption.
In a historic move this evening, President Donald Trump signed an executive order creating the United States’ first-ever strategic Bitcoin reserve. This major step in cryptocurrency policy is set to solidify the U.S.’s position in the growing digital asset space.
Bitcoin Reserve Without Taxpayer Funds
The executive order establishes a reserve for Bitcoin, which will be held exclusively in a digital stockpile. However, Trump’s plan does not rely on taxpayer funding. Instead, the reserve will be exclusively capitalized with Bitcoin that the federal government has confiscated through criminal and civil forfeiture cases. According to David Sacks, the White House crypto czar, this means no taxpayer dollars will be used to fund the reserve.
“The reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings,” Sacks said.
Digital Fort Knox: Long-Term Bitcoin Safeguarding
Trump said that the reserve will act as a digital equivalent of Fort Knox, safeguarding the nation’s Bitcoin holdings for the long term. In his remarks, Sacks explained the importance of this reserve, stating that previous premature sales of Bitcoin by the U.S. government have resulted in over $17 billion in lost value. This new initiative aims to prevent such losses by establishing a strategic, long-term holding strategy.
Advertisement
______________________________________________________
Expanding Beyond Bitcoin: U.S. Digital Asset Stockpile
In addition to the Bitcoin reserve, the executive order also includes a broader U.S. digital asset stockpile, which will include other cryptocurrencies, such as Ethereum, XRP, and Solana, all of which have been seized through forfeiture proceedings. However, the government will not seek to purchase more of these digital assets unless it can do so without additional cost to taxpayers.
Global Impact: The U.S. Leads the Way
This move marks a milestone not only for the U.S. but for the entire cryptocurrency market. With the federal government committing to hold Bitcoin as a store of value, the likelihood of Bitcoin being banned by the government has dramatically decreased. Additionally, this sets the stage for other countries to establish similar Bitcoin reserves, as global competition for Bitcoin intensifies.
Strategic Reserve: Preserving and Maximizing Value
The strategic reserve will not involve any immediate sales or purchases of Bitcoin, as it focuses on preserving and maximizing the value of assets already acquired by the government. The executive order also directs a full audit of the U.S. government’s existing digital asset holdings, with a focus on ensuring responsible stewardship under the Treasury Department.
Industry insiders have reacted positively to the news, with many viewing this move as a precursor to future institutional and state-level adoption of Bitcoin. As this strategy unfolds, experts predict that other nations will closely monitor the U.S.’s approach and may follow suit in creating their own strategic Bitcoin reserves.
The announcement comes just ahead of the White House Crypto Summit, where policymakers and industry leaders will discuss the future of digital assets and the regulatory framework surrounding them. With the U.S. leading the way in government-held Bitcoin reserves, the global crypto landscape is poised for a major transformation.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
CARDANO’S CHARLES HOSKINSON REACTS TO WHITE HOUSE CRYPTO SUMMIT SNUB
Hoskinson focuses on legislative progress, unfazed by his absence from Trump’s crypto summit.
Advertisement
______________________________________________________
Cardano founder Charles Hoskinson has revealed that he was not invited to the upcoming White House Crypto Summit on March 7.
His exclusion has sparked discussions, especially since the blockchain network’s ADA token is included in US President Donald Trump’s proposed crypto reserve.
No White House invite
In a March 6 broadcast, Hoskinson revealed that he had not received an invitation to the highly anticipated crypto event.
According to him:
“We did not get an invitation on Monday. We did not get an invitation on Tuesday. We did not get an invitation today on Wednesday. So I’m going to operate under the assumption I have not been invited to go to this gathering.”
Hoskinson downplayed the event’s significance, suggesting it might not involve meaningful policy discussions. He argued that real policy work happens within the legislative branch, where he has collaborated with lawmakers over the years.
He reaffirmed his commitment to pushing for regulatory clarity through legislative engagement, particularly on key bills related to stablecoins and market structure.
Despite his absence, several key figures in the crypto industry have confirmed their attendance. Among them are Michael Saylor, Chairman of Strategy—the largest corporate holder of Bitcoin—along with Brian Armstrong of Coinbase, Arjun Sethi of Kraken, and Vlad Tenev of Robinhood.
ADA in crypto reserve
Meanwhile, Hoskinson’s exclusion is particularly striking given that ADA has been listed as part of Trump’s proposed crypto reserve.
The president recently announced plans to create a reserve featuring Bitcoin, Ethereum, XRP, Solana, and Cardano. He is expected to outline his strategy for this initiative at the event.
The Cardano founder admitted that he was unaware of ADA’s inclusion until the news broke.
According to him:
“We knew nothing of ADA being selected for the reserve. It was news to me. I woke up on Sunday, looked at my phone, and I had over one hundred fifty messages saying congratulations, great job, and I had no idea what the heck was going on.”
@ Newshounds News™
Source: CryptoSlate
Advertisement
______________________________________________________
~~~~~~~~~
Source: Dinar Recaps
=======================================
U.S. GOVERNMENT CONFIRMS IT WON’T BUY XRP, ETHEREUM, OR SOLANA – BITCOIN TAKES PRIORITY!
▪ The U.S. government’s Strategic Bitcoin Reserve (SBR) will exclusively hold seized Bitcoin, solidifying its primary status.
▪ Other seized cryptocurrencies (ETH, XRP, ADA, SOL) will be placed in a separate “Digital Asset Stockpile”.
▪ The government’s crypto holdings are primarily derived from seizures, with Bitcoin prioritized and altcoins managed differently.
Peter Schiff has confirmed that the U.S. government will not be purchasing Ethereum (ETH), XRP, Cardano (ADA), or Solana (SOL) for its crypto holdings. Instead, the newly established Strategic Bitcoin Reserve (SBR) will hold only seized Bitcoin (BTC), reinforcing its position as the dominant digital asset. While the executive order signed today allows room for potential Bitcoin purchases, these would likely require approval from Congress.
No Crypto Reserve for Altcoins
Earlier reports had suggested that a government-backed crypto reserve might include XRP, ADA, SOL, and ETH, leading to a surge in their prices. However, the latest update clarifies that the U.S. government has created a separate Digital Asset Stockpile for these altcoins, but it will not be making any additional purchases. This stockpile will only contain assets seized through legal actions and will be managed by the Treasury.
Depending on regulations, these tokens may either be held or sold, but the government will not actively add to them.
Bitcoin Gets a Dedicated Strategic Reserve
Bitcoin, in contrast, will have its own Strategic Bitcoin Reserve (SBR), further reinforcing its importance in government holdings. An audit set to take place within 30 days will disclose the total amount of cryptocurrency the government owns and how these assets will be categorized. The move highlights Bitcoin’s priority over other digital assets.
No New Acquisitions!
Schiff clarified that the government will not be buying additional cryptocurrencies. Any XRP, ADA, SOL, or ETH in the Digital Asset Stockpile will come solely from past forfeitures. This means no new assets will be added unless they are seized in future legal cases.
Meanwhile, blockchain data from Arkham Intelligence confirms that the U.S. government currently owns zero XRP, SOL, or ADA. This contradicts earlier speculation that a broader crypto reserve was being established.
Advertisement
______________________________________________________
However, some analysts, including Moon Lambo, believe the government might hold small amounts of these assets from lesser-known seizures, but if so, the holdings are likely insignificant.
What Does the Government Currently Hold?
Right now, the U.S. government holds around 200,000 BTC, obtained through various legal seizures. While Bitcoin remains the primary focus, the government also has approximately $176 million worth of ETH and $27 million worth of BNB. However, no XRP, ADA, or SOL have been confiscated, raising questions about why they were included in the stockpile designation.
So, Where Does This Leave Bitcoin?
The crypto community, particularly Bitcoin supporters, has welcomed the government’s decision, as it further separates BTC from other cryptocurrencies. This move strengthens Bitcoin’s reputation as “digital gold” and solidifies its role as a strategic asset. However, investors who had speculated that major altcoins would be included have been left disappointed.
The government’s stance on cryptocurrency is still a major topic of interest. The market will be watching closely to see if Bitcoin purchases receive approval and how the Digital Asset Stockpile will be handled.
While Bitcoin’s dominance in government holdings is clear, the future of seized altcoins remains uncertain.
@ Newshounds News™
Source: Coinpedia, Twitter
~~~~~~~~~
DAVID SACKS EXPLAINS WHY TRUMP MENTIONED XRP, SOL, ADA: ‘PEOPLE ARE READING INTO THIS A LITTLE BIT TOO MUCH’
▪ David Sacks downplayed speculation, stating that President Trump simply named the top five cryptocurrencies by market cap, causing major price spikes before a pullback.
▪ An executive order mandates an audit of federal digital asset reserves while also opening the door to staking and portfolio management strategies.
White House AI and Crypto Czar David Sacks shed light on why President Donald Trump included XRP, Solana and Cardano in his posted comments about a U.S. crypto strategic reserve last Sunday.
Many in the industry questioned the inclusion of these particular altcoins, arguing that they lack the developer activity and decentralization seen in Bitcoin and Ethereum. Sacks’ comments came after Thursday night’s executive order establishing a Strategic Bitcoin Reserve.
“Well, the president just mentioned the top five cryptocurrencies by market cap, so I think people are reading into this a little bit too much,” Sacks said Friday on Bloomberg TV. “He just mentioned the top five.”
Advertisement
______________________________________________________
Just mentioning those coins caused spikes nearing 70% last weekend before a pullback. Sacks said Friday that “we’re not sure” whether the federal government owns any of those alternative cryptocurrencies, doubling down on the executive order’s call for a full audit of its current reserves.
“In terms of what we’ll actually have, we have to do the accounting,” Sacks said. “We know it owns Bitcoin. I believe it owns some Ethereum. I’m not sure about the other ones. No one’s been able to give us a straight answer yet.“
The executive order directs a full accounting of the federal government’s digital asset holdings. The U.S. government possesses 198,109 BTC, worth about $17 billion at the current market price, according to the website Bitcoin Treasuries.
The order also establishes a U.S. Digital Asset Stockpile, consisting of assets other than bitcoin forfeited in criminal or civil proceedings. The government will not acquire additional assets for the stockpile beyond those obtained through forfeiture proceedings.
Sacks also said the federal government could explore lending or staking on the cryptocurrencies it owns.
“The idea of this executive order is to create the mandate,” Sacks said Friday. “We’re going to do the audit, then we’re going to move them into a separate account for safekeeping. And then the secretary of treasury and his team will be able to exercise portfolio management and long-term or responsible stewardship. And yes, that could include staking, it could include rebalancing [and] it could include sales. These are all options they can pursue if the secretary of treasury believes these are in the long-term interest of the American people.“
Several leading crypto executives are set to attend a crypto summit hosted by President Trump in Washington, D.C. on Friday afternoon.
The prices of both XRP and ADA are down about 7% over the past 24 hours, according to The Block’s crypto price data. SOL is holding up relatively well, down about 1.3%. Bitcoin and ether are down 2% and 2.7%, respectively, over the same timeframe.
@ Newshounds News™
Source: The Block
~~~~~~~~~
MORE COUNTRIES READY TO JOIN BRICS ALLIANCE
India’s Foreign Minister S. Jaishankar revealed that the number of countries ready to join the BRICS alliance is growing. Speaking at a session titled ‘India’s Rise and Role in the World’ in London, Jaishankar confirmed that the bloc is encouraging developing countries to break the norm and enter a new financial territory without having to depend on the US dollar for survival.
The BRICS alliance is spearheading the de-dollarization agenda in a goal of making local currencies the world’s reserve status. The move could realign the global financial sector tilting the power from the West to the East.
Advertisement
______________________________________________________
Number of Countries Wanting to Join BRICS Alliance Increasing
Jaishankar emphasized that the BRICS alliance is “a very diverse group” and emerging economies find the bloc to be attractive. The unity in diversity is what’s pulling other countries towards it in a common agenda of de-dollarization. “I think clearly they must be doing something right. If so many countries want to join BRICS and so many countries actually have joined,” he said.
“South Africa joined, then it has become a double-digit membership. And in 2024, last year in Kazan, we also added dialogue partners, the concept of dialogue partners,” Jaishankar said. He explained that countries even without geographical closeness want to join the BRICS alliance.
“We are an exception to the normal rules on which groups are formed. Normally countries who approximate geographically to each other or have some particular shared history or some kind of ethnic or linguistic commonality, this is normally the basis to create a group. Now, BRICS alliance defies all those assumptions. So it’s not like the Commonwealth, it’s not like the NATO, it’s not like the G7. It’s not like anything which had been conceptualized early,” he said.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
