Editor's PiCK
White House: "Mentions of Cardano, Solana, XRP Not Related to Government Preference"
Doohyun Hwang
Summary
- David Saks, the White House Crypto Czar, stated that President Trump's mentions of Cardano, Solana, and XRP are not related to government preference.
- He clarified that the President's cryptocurrency mentions were simply referring to the top five assets by market capitalization.
- The U.S. government is considering strategies to lend or stake cryptocurrencies, and this process will be conducted under Treasury supervision.
David Sacks, the White House Crypto Czar, clarified that U.S. President Donald Trump's mention of Cardano (ADA), Solana (SOL), and XRP as strategic reserve assets is not related to government preference.
On the 7th (local time), Crypto Czar Sacks told Bloomberg Technology in an interview, "President Trump simply mentioned the top five cryptocurrencies by market capitalization," adding, "It seems too much meaning is being attributed to these remarks."
He continued, "The government is reviewing strategies such as lending or staking cryptocurrencies," adding, "This process will be conducted under the supervision of the U.S. Treasury."
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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