President Trump’s announcement of establishing a U.S. Crypto Reserve aims to support cryptocurrencies after perceived attacks from the Biden Administration. This includes a national stockpile of major digital currencies like Bitcoin, Ethereum, and XRP. Critics point out the impracticality of such a plan and highlight that it could weaken the dollar, which serves as the world's reserve currency. The strategy raises concerns about potential market manipulation and the conflict between crypto's disruptive nature and the financial stability provided by the dollar.
A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, Trump declared on Truth Social.
The US dollar is functionally the world's reserve currency... it's cheaper for the US to borrow money than it is for other countries.
Collection
[
|
...
]