According to WallStreetBulls, David Sacks, referred to as the Crypto Czar, mentioned that they are not only considering Bitcoin (BTC) for reserves but are also studying other digital assets, including XRP. This suggests a broader approach to digital asset reserves, which could impact market strategies and asset allocations. The discussion emphasizes a more inclusive view of digital currencies beyond just BTC, potentially influencing traders to consider diversifying their portfolios.

According to WallStreetBulls, a discussion in the Senate involving David Sacks highlighted skepticism towards the idea of Bitcoin being used in reserves. This skepticism, shared humorously, underscores the hesitance in mainstream adoption of Bitcoin for reserve purposes, reflecting on its perceived volatility and speculative nature. This sentiment may affect Bitcoin's trading dynamics as institutional adoption remains cautious.

According to EmberCN, HTX recently released its November platform reserve proof data, revealing user assets totaling approximately $5.25 billion. The largest asset held is BTC, with 21,326 coins valued at $1.9 billion. This reserve figure is higher than expected, potentially due to the increased capital and trading volume driven by the booming Meme market, as HTX has been quick to list new Meme tokens.