Trump Pumps Bitcoin with Cripto Reserve teases, but only 24 hours

Sunday, President Donald Trump announced plans to theoretically submit to the promise in the Silicon Valley cryptocurrency whales that supported it Millions in Super Pac Donations during its 2024. years. In order to “ensure that the US Crypto The capital of the world, “and as an extension an executable Support for digital property growth, he wrote in mail O True socially, its administration intends to move forward with the creation of “American CRIPTO Reserve”. Stockpile, noticed, would include well-known currencies Bitcoin A Etherum, along with Tokens XRP, Solan and Cardano.

Although this is not exactly known to form such a strategic reserve, nor would the government have tried to buy cryptic supplies with tax dollars – a move that would theoretically require approval Congress – the blocking enthusiasts cheered the news. Currencies that have gathered from sudoside choices only on Start to slide in the last week Once again climbed abruptly, with Bitcoin on an increase of 10 percent.

But the pump was short-lived, because Trump announced Monday that sharp tariffs on goods were imported from Canada and Mexico. That news caused huge losses on Wall StreetA Cripto tokens also saw their winnings of the day before it was immediately deleted immediately. From Monday afternoon, Bitcoin, Etherum, Solana and XRP, everything stood where they did before Trump teased the strategic reserve, while Cardano shed about 20 percent of his maximum value.

Even before these bugboats, commentators asked the alleged benefits from the national crypto stock. Some in the industry were upset that the white house obviously wants to include More volatile currencies Among the farms. (Trump just added that Bitcoin and Etherum will be among the middle range in monitoring the original announcement, as if to stifle the alarm.) The economists described the CRIPTO reserve idea as well-being for crypto investors, but Risk for average taxpayers. Several journalistic critics described it as Surrounded Corruption In that sense – see as Trump Cripto Czar, Tech Venture Capitalist and Elone musk join David SacksKeep roles in five currencies Trump called on social media.

Bags defended in X, shared part of a Financial times Report that he and its solid craft undertaking sold its direct cryptocurstry “shortly after the trommerged inauguration”, although the article records that the craft still has roles in several cryptos. Bags claimed That he really liquidated his Bitcoin, Etherum and Solana, although something differed on the timeline, which wrote that he unloaded these tokens “before the start of the administration.” (Note on the Community on the post points out that the investor’s crafts in the company management company Bodvivo, whose general manager of Sunday discovered that their first five positions in the same five tokens mentioned by Trump.)

Bags, whose government is in progress, also pushed back to Joe Lonsdale, another rich VC Trump in the Silicon Valley, which negatively reacted to Trump’s Trump Crypto Trump Statement negatively writing On K: “The tax is stealing. It should be kept at a minimum. It is wrong to steal my money for the left side; it is also wrong to tax me for crypto bro schemes.” Sacks replied“Nobody announced a tax or consumption program. Maybe you should wait to discover what actually suggests.”

One problem with trying to correct others to hypothetical reserves is that no one has been published, except for a potential combination of assets. Even among crypto merchants, there is Certain Skittishness The concept of the federal government acquires more bitcoin with the treasury means, which could be shown by catastrophic if the digital currency was needed. An alternative to which has some support would be for the US stock Billions in Bitcoin Seized the law enforcement operations instead of continuing sell itAlthough this gift Other logistical questions. The White House is set to host its first cryptoarising summit on Friday, with bags indicating their official Government of KS in the account that the event gathered “prominent founders, general directors and investors from the Krupto Industry”.

Meanwhile, there is an inevitable feeling of wrong jobs in which the magic regime and the cryptocurrency markets are overlapped. The first crypto endeavor of the Trump family, financial freedom, was founded in 2024. years and soon drew the interest of the China’s China’s crypto entrepreneur, Justin Sun. The Securities and Exchange Commission were Sun 2023. years on the charges that His companies were throng-manipulated crypt’s cratted markets, including Lindsay Lohan, Jake Paula and Rapper Soulja Boy, and illegally promote tokens. But last week, after the sun became $ 75 million in the world personal financial tokens, Trump Secu moved to Pause the cheating case against the sun. According to the fine printing of the project, the trump cards are claimed 75 percent revenue from these tokens.

And immediately before the inauguration of January President, Trump Team launched Two so-called Meme coins$ Trump and $ Melania (after the first lady), who were full Ethical problemsIrish Leaders of Industry Feeling undermined legitimacy crytoand caused supporters to lose billions while trumps Look for tens of millions in fees. Meme coins do not have internal value or use, and, as the name, are based on cultural personalities and trends, and investors who try to launch the price cycles of viral hyper cycles.

Although it did not floating in the national stock, $ Trump made the winnings after the reservation announcement, but he fell equally to the ground. “

Last week, the bag called attention to new guidelines on such property from SEC, which saw the departure of many top officials, as the Commissioner Mark UIeda, crypto-Republican Republican promoted in the acting.

“Mema coins are usually purchased for entertainment, social interaction and cultural purposes, and their value is conveyed primarily to the demand and speculation market”, Čimentala 27. February. a statement of a person From the distribution of the Corporation Finance Regulator. “With this in a relationship, Meme coins are similar to collectors.” As such, division, offer meme, bids are not subject to federal securities, transactions must not be registered in SEC, and “NORMING Customers are not protected by” Laws conducted by the Agency. The statement of further notes, “Offer and sales of memorial coins does not include investments in the company nor is it under reasonable expectation from supplements obtained from entrepreneurial or managerial efforts of others.”

The position here is apparent to clear Trump from any kind of responsibility in which it is customers who burned $ Trump or $ Melania – not need more protection as president for sitting. However, it is a great indication that the Federal Agencies are purified by career employees wanted to close their eyes for conflicts of interest in Trump and his Tech billionaire. There will be no much surprise if the upcoming CRIPTO reserve is structured and in their advantage.