Decentralized social media platform Farcaster's co-founder Dan Romero predicts that the upcoming US government crypto reserve will only consist of assets seized by US financial authorities from fines and illicit activities. Romero believes that Bitcoin will account for 80% of the reserve, and altcoins like Ripple (XRP) and Cardano (ADA) will be added through in-kind payments of taxes or donations. As of March, the US government holds a variety of digital currencies, including BTC, USDT, USDC, AUSDC, ETH, wBTC, BNB, and wBNB. There are mixed opinions within the crypto community regarding adding altcoins to the federal holdings, with some seeing it as a pathway for insider trading. Critics argue that a government-held crypto reserve challenges the status of US Treasuries as the world's primary safe-haven asset. However, others see the inclusion of multiple cryptocurrencies as a sign that the administration is taking crypto seriously. Doubts have been raised regarding the potential conflict of interest involving the Trump administration's Crypto Czar, David Sacks, who has ties to the industry. Sacks has urged critics to wait for an official policy announcement before making conclusions. The White House will hold a Digital Currency Summit this Friday to discuss the creation of a diversified federal crypto reserve.



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