The new cryptocurrency-friendly US President Donald Trump made the expected move today and signed an important executive order regarding cryptocurrencies.
According to the decisions included in the administrative order in question, a cryptocurrency working group will be formed and this group will work towards creating a “digital asset stock” from crypto assets seized by the US government.
The use of the word stock instead of reserve in the details of the decisions announced by the White House drew attention from the cryptocurrency community. Because in order to create a reserve, an asset must be purchased continuously, but if it is in stock, no action may be required other than holding the existing assets.
However, it was also noteworthy that the word Bitcoin was not mentioned in the details of the decision. It seems likely that a digital asset stock will be created with the assets held by the US.
So how much of which cryptocurrencies does the US currently have? Here is the list of crypto assets worth over $1 million that have been previously seized by the US and are still in their wallets:
- Bitcoin (BTC) – $20 billion
- Ethereum (ETH) – $176 million
- Tether (USDT) – $122 million
- Wrapped Bitcoin (WBTC) – $79 million
- Binance Coin (BNB) – $27 million
- AUSDC – $13 million
- USDC – $11 million
- Wrapped Ethereum (WETH) – $10 million
- DAI – $9 million
- Uniswap (UNI) – $4 million
- Tron (TRX) – $4 million
- Chainlink (LINK) – $3 million
- Render (RNDR) – $2 million
- The Sandbox (SAND) – $2 million
- Band Protocol (BAND) – $1 million
- Aave (AAVE) – $1 million
- FTT – $1 million
However, due to Donald Trump’s promise to support US-based cryptocurrencies, there is also the possibility that only US altcoins will be supported. The details disclosed by the White House do not include a statement that the components of the stock in question will consist of all cryptocurrencies held by the government.
You can access US-origin cryptocurrencies from the article below, which we have prepared specifically for you as Bitcoinsistemi.com.
*This is not investment advice.
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