Ethereum, XRP Rumored To Feature In National Crypto Stockpile Today — Details

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The White House is set to release its crypto policy report today, which could include the announcement of a national crypto stockpile. Ethereum and XRP are rumored to be on this stockpile due to Donald Trump’s earlier announcement.

The National Crypto Stockpile May Include Ethereum And XRP

In an X post, crypto influencer Xaif stated that Ethereum and XRP are rumored to be included in the national crypto stockpile alongside Bitcoin. He made this statement in anticipation of the White House crypto policy, which is set to be released today and could include information on the stockpile initiative.

U.S. President Donald Trump had earlier mandated the Digital Assets Working Group to submit a report on how they could establish and maintain a digital asset stockpile. If Ethereum and XRP are to be included in this stockpile, the ETH and XRP coins will potentially be from ones that the government has lawfully seized.

Meanwhile, Ethereum and XRP are possibly rumored to be included in this national crypto stockpile due to Trump’s March announcement when he declared a ‘Crypto Strategic Reserve’ which will include Bitcoin, Ethereum, XRP, Solana, and Cardano. However, this could still change depending on what the Working Group determined in its report.

It is worth mentioning that Donald Trump was reportedly cajoled into endorsing XRP for the crypto stockpile. As such, there is no concrete evidence that the president is in support of XRP’s inclusion in the stockpile. Bitcoin is the only asset that Trump has continued to hammer on and promised to establish a Strategic Reserve, which will contain the flagship crypto.

The Feasibility Of Creating This Stockpile

The U.S. is known to hold 198,012 BTC, according to data from Arkham. Trump already proposed to convert these coins into a reserve rather than selling them. Further data from Arkham shows that the government also holds Ethereum (59,951 ETH), which is a positive if the altcoin is included in a national stockpile. But, based on data from the platform, the government doesn’t hold any XRP.

The XRP community had argued that Ripple could pay its $125 million monetary judgment in its case against the SEC in XRP. That way, the U.S. government would hold some coins, which it could use for the crypto stockpile. However, former SEC lawyer Marc Fargel revealed that the crypto firm already paid the sum in cash.

Meanwhile, it is worth noting that Trump has ties to the Ethereum ecosystem through World Liberty Financial, in which he has a stake. World Liberty has been accumulating ETH and now holds over 73,616 coins. On the other hand, the president has no known ties to the XRP ecosystem.

At the time of writing, the Ethereum and XRP prices are trading at around $3,800 and $3.11, respectively, according to data from CoinMarketCap.

Featured image from Getty Images, chart from Tradingview.com

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.