US National Crypto Reserve Plan: US Government Starts Counting Crypto Holdings!

Jakarta, Pintu News – The Donald Trump administration has begun planning for a national crypto reserve with the first step of conducting an audit of the government’s digital asset holdings. The move aims to determine the amount of cryptocurrency already controlled by the state, including assets previously seized from criminals.

During this six-month planning phase, a government inter-agency working team conducted an evaluation of existing assets. Bo Hines, Executive Director of the working group, confirmed that the audit process is underway. “The first step is to get a clear picture of what the government owns,” he said. Later, Trump is expected to give a formal speech on the initiative at an industry summit at the White House.

Crypto assets under government scrutiny

The US Department of Justice and Marshal Services is currently overseeing seized cryptocurrencies, including Bitcoin BTC->Current BTC PriceRp 0Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 and other digital assets with a total value of approximately USD 18 billion (IDR 296.8 trillion). However, an audit conducted by the Department of Justice’s Inspector General, Michael E. Horowitz, showed that there was a lack of clarity in recording the value of these assets.

Part of this crypto reserve plan is to determine whether the assets that have been seized will become part of the national reserve. Additionally, it remains unclear whether the US government will purchase additional cryptocurrencies as part of this strategy. If the decision to purchase is taken, approval from Congress will most likely be required. Currently, there is no federal agency specifically tasked with managing crypto reserves on this large scale.

Also Read: The Burning of 20 Million SHIBs: Will Shiba Inu Prices Skyrocket? (7/3/25)

Impact and Reaction from Various Parties

This plan has sparked debate among analysts and investors. Proponents argue that this initiative can increase the legitimacy of cryptocurrencies as well as integrate them in the US financial system. It is also supported by many in the crypto community who have contributed large amounts of funds to Trump’s campaign and his inauguration.

However, skeptics argue that crypto cannot be equated with gold or oil, which have been the main assets in state reserves. Chia Network CEO, Gene Hoffman, believes that this policy is premature to implement. In addition, the high volatility of crypto prices raises concerns that these reserves could become a financial disaster if the value of the asset suddenly falls.

Security Challenges in Crypto Storage

One of the biggest concerns with national crypto reserves is the security of the digital assets. Cryptocurrencies are often prime targets for hacking, and some US government agencies have faced difficulties in managing crypto assets that have been seized.

The US Marshal Service has a long history of dealing with crypto security and management challenges. With Bitcoin (BTC) seized worth tens of trillions of dollars, the risk of losing assets to hacking or administrative error is high. CEO of Anchorage Digital, Nathan McCauley, emphasized that strict security measures are necessary. He suggests using cold wallets with strong security systems to avoid illegal access.

Major hacking incidents like the one experienced by Bybit, where the hacker group Lazarus managed to steal USD 1.4 billion worth of Ethereum ETH->Current ETH PriceRp 0Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0, serve as an important reminder of the risks governments face when storing large amounts of crypto. This incident reminds many of the FTX collapse, where massive withdrawals led to the crypto exchange’s demise.

Conclusion

The Trump administration’s plan to establish a national crypto reserve brings both great opportunities and challenges. If successful, this move could help the US take a dominant position in the global cryptocurrency industry. However, major risks related to security, volatility, and regulation are still major obstacles. With the ongoing debate, the final decision on the national crypto reserve is still uncertain.

Also Read: Litecoin (LTC) Hit a Record High, Will the Price Surge? (7/3/25)

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Cryptopolitan. Trump Advisers Start Mapping Out a Plan for a National Crypto Reserve. Accessed March 7, 2025.
• Featured Image: Finbold