Last week, David Sachs, who is in charge of artificial intelligence and cryptocurrency at the White House, appeared on the Bloomberg television channel to clarify President Trump's recent statement on cryptocurrencies. According to Sachs, the mention of $XRP , Solana ($SOL ) and Cardano ($ADA ) was due to their place among the largest crypto assets by market capitalization.
"The president just mentioned the five largest cryptocurrencies by market capitalization," Sachs said. "I think people were just imagining things too much. He just mentioned the top five."
At the moment, XRP's market capitalization is around $139 billion, making it the fourth largest crypto asset. SOL, with a capitalization of $72 billion, ranks fifth, and ADA, with $29.6 billion— ranks seventh, if you exclude stablecoins.
Creation of a strategic reserve of digital assets
On Thursday, Trump signed a decree creating a strategic bitcoin reserve and a separate US digital asset fund. Interestingly, the reserve is created without new purchases — it will be replenished only with confiscated cryptocurrencies. The Ministry of Finance will have the right to manage these assets, including their possible sale.
Previously, the US government did not have a clear policy regarding confiscated crypto assets, which led to chaotic storage and missed opportunities. The new approach can improve financial management and even bring profit to the state.
The opportunity to earn money on cryptocurrency assets
When asked if the government would be able to generate revenue from cryptocurrency reserves, for example, through staking or lending, Sachs confirmed that such strategies could be considered.
"We are going to conduct an audit and then transfer the assets to a separate account for storage," he explained.
This will allow the Treasury Department to manage the portfolio in the interests of the American people. Possible strategies include staking, rebalancing, and selling certain assets as needed.
Thus, the Trump administration is taking steps towards structured management of digital assets, including the largest cryptocurrencies. The question is, how will this affect the market and future US policy regarding cryptocurrencies?