The Trump administration will be hosting the first-ever crypto summit at the White House on Friday, March 7, where President Trump is expected to lay out his plans for the future of a US strategic crypto reserve.

Trump announced via a social media post that the new strategic crypto reserve will be comprised of cryptocurrencies ethereum (ETH-USD), Solana (SOL-USD), XRP (XRP-USD), cardano (ADA-USD), and bitcoin (BTC-USD).

Paul Krugman, a Nobel Prize-winning economist, joins Morning Brief host Seana Smith and weighs in on the prospect of the US investing in a crypto reserve.

“To the extent that crypto is in widespread use, it’s almost entirely for criminal activities, money laundering, extortion payments,” Krugman states, going on to…