Pro-Crypto Palantir Co-Founder Weirdly Angry About Trump’s Crypto Plan

President Donald Trump recently announced the launch of a federal cryptocurrency strategic reserve—thus realizing a long held goal of the web3 community. During his announcement, Trump named five particular tokens as being associated with the future reserve, sending the prices of those tokens screaming to the heavens. The asset prices then, predictably, crashed, leading Bloomberg to dub the reserve announcement the “Trump Pump.” Many crypto stans were excited about Trump’s announcement but, surprisingly, Palantir co-founder, crypto fan, and Trump supporter Joe Lonsdale, came out to blast the decision. On X, Lonsdale wrote a rambling series of missives, the real intent of which is somewhat difficult to divine. “Taxation is theft. It should be kept to a minimum. It’s wrong to steal my money for grift on the left; it’s also wrong to tax me for crypto bro schemes,” Lonsdale wrote on the social media site. “Cut it out with these schemes guys.” After reprimanding the administration, Lonsd ... Read full article.