Is the US not yet ready for Bitcoin reserves?

     During an interview with Fox Business, David Sacks, the US crypto czar, revealed that they are now reviewing the national reserve of Bitcoin and digital assets (as security, commodity, or digital asset/collectible) before moving further.

 Stablecoins matter: Sacks even underlined the relevance of stablecoins in spreading the US dollar's dominance. This makes place for Tether, Coinbase, Circle, Pixel, etc., stablecoin issuers.

     XRP shadow behind Sacks: Notably, he (David Sacks) used a video from BankXRP's tweet in his X post. This has led to many embarrassing situations in the cryptoverse involving Sacks.

A possible Ripple Strategy?

     After I completed my research, I speculate that the US might use XRP as part of a strategic reserve, primarily to monitor and track financial transactions in other countries that are using Ripple for their CBDC development. However, this idea is purely speculative, and there is no requirement for you to agree with it, better DYOR.

Originally published on Wubits