Trump Creates a ‘Strategic Bitcoin Reserve’
The saga began early last week when President Donald Trump posted on Truth Social that he would be establishing a “Crypto Strategic Reserve” that included XRP, solana, and cardano—three lesser-known currencies that are far less stable than bitcoin (BTC)—raising questions as to why these coins were included over popular, reliable currencies.
Trump’s crypto reserve hurts the US
Trump and his inner circle have ownership interest in various crypto assets. Establishing a strategic crypto reserve suggests straightforward self-interest and self-dealing. The president and his Cabinet should strive to be above reproach. There is nothing transparent and honest about a strategic crypto reserve.
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