Trump’s crypto reserve plan faces backlash over conflicts and feasibility
President Donald Trump has announced the creation of a “crypto strategic reserve,” aiming to establish the US as the “Crypto Capital of the World.” The plan, unveiled on Truth Social on Sunday, would see the government holding bitcoin, ether, and other cryptocurrencies, including Solana, Cardano, and XRP.
Trump’s move sparked a sharp market reaction, with bitcoin surging more than 10% before falling back below $86,000 by Monday as broader financial markets declined. Other named assets, particularly Cardano, also saw significant gains.
However, the announcement has drawn criticism, including from prominent figures within the crypto industry. Much of the skepticism revolves around the inclusion of assets beyond bitcoin,…
