Is Trump making America part of a giant crypto scam?
“I will make sure the US is the Crypto Capital of the World,” he wrote on Truth Social at the weekend.
“We are MAKING AMERICA GREAT AGAIN!”
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Trump didn’t say how a strategic reserve of crypto assets would make America great, nor, indeed, how the US might acquire the assets or how it would manage them once acquired. And he has yet to explain why America needs a strategic digital assets reserve.
The assets he nominated for inclusion in the strategic reserve were XRP, Solana and Cardano. He subsequently added Bitcoin and Ethereum.
The post lifted the entire crypto market, adding more than $US300 billion to its value, before his tariffs announcement wiped out a similar amount.
The US government does own some digital assets. It…
