Even Some Bitcoin Bros Think Donald Trump’s Crypto Reserve Is Going Too Far
For the crypto industry, Donald Trump’s administration is the gift that keeps on giving. The president’s latest offering: A plan to move forward with the creation of a national crypto reserve, stocked with highly volatile coins, and backed by taxpayer money.
The president announced new details of the plan, which he previously touted on the campaign trail, Sunday afternoon on Truth Social. “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” he wrote.
The president named five tokens—Bitcoin, Ethereum, XRP, Solana, and Cardano—which will be included in the reserve. “I will make sure the U.S. is the Crypto Capital of the World,” he wrote in the post, days…
