The post Farcaster’s Dan Romero predicts US crypto reserves will only retain seized assets, no new purchases appeared on BitcoinEthereumNews.com.

Decentralized social media platform Farcaster’s co-founder Dan Romero does not see the US government buying any more crypto tokens to add to its upcoming crypto reserve. Romero predicts that the strategic federal crypto holdings will only contain assets that were seized by US financial authorities from fines and illicit activities. In a Tuesday X post, the CEO turned angel investor said that Bitcoin will account for 80% of the reserve, and altcoins like Ripple (XRP) and Cardano (ADA) will be added through “in-kind payment of taxes or donations.” Predictions on crypto reserve details 1. Government will just keep assets seized; no new buys 2. BTC will represent 80% of holdings 3. XRP / ADA do some in-kind tax payment / quasi-donation to be in it — Dan Romero (@dwr) March 3, 2025 As of March, according to data from Arkham Intelligence, the US government holds eight digital currencies: BTC, USDT, USDC, AUSDC, ETH, wBTC (wrapped Bitcoin), BNB, and wBNB. President Trump’s crypto list Romero’s predictions come after US President Donald Trump listed five coins he would want added to the government’s stockpile on Sunday. He mentioned XRP, Solana, Cardano, Bitcoin, and Ethereum as coins that would elevate “America to become the world’s crypto capital.” Yet, before the US president entered the Oval Office, the crypto community had assumed BTC was the only crypto that would be considered in the reserve talks. Many netizens are conflicted about adding coins like ADA to the federal holdings, calling Trump’s proposed list as a pathway for insider trading. “I mean, you could make the case for XRP bc of its connections and ‘supposed utility’ but throwing in ADA in there, which is a ghost chain that doesn’t work, and you know it’s a grift,” denoted Taste the Smoke Barbecue hotel owner Stephen Ellis, on…

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Filed under: News - @ March 4, 2025 1:21 pm