Donald Trump’s Not-So-Strategic Crypto Reserve

Donald Trump provoked a riot of cryptocurrency trading and accusations of favoritism on Sunday after identifying several coins that may feature in a future US strategic crypto reserve. Alongside bitcoin, Trump said that XRP, solana, cardano, and ether will be considered for inclusion. “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” wrote Trump in a Truth Social post on Sunday. “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!” he added two hours later, perhaps to appease the tribes he had forgotten to toast. An executive order signed by Trump in January had already specified that cryptocurrencies other than bitcoin would be included in the reserve, but the preside ... Read full article.