Peter Chef calls the Trump Reserve for encryption “pump and discharge”, and calls for Congress probe

Peter ChefEURO Pacific Capital, accusing the American president Donald Trump Organized by a huge “pump and discharge” scheme that includes encrypted currencies. Chef is now calling for an investigation into Congress in this matter, claiming that Trump’s recent statements about digital assets led to the manipulation of the market.

In a strong post on X (formerly Twitter), Chef claimed that Trump, who described him as “the President of Chefir I”, played a role in what he described as “the largest clouds of a coding carpet of all time.”

Schiff demands answers to many major questions, including:

Who composed two posts on Sunday afternoon at Trump’s social account regarding encryption?Who had prior knowledge of the advertisement, and when were they informed?

How much money has been invested by people who have prior notice in encrypted currencies such as Bitcoin (BTC), ETHEREUM (ETH), Xrpand Solana (Sol), and Cardano (Ada), and when did they sell it? Are there any email messages or messages between Trump employees, family donors, donors, or social staff, in fact related to these encryption ads?

Donald Trump, the first encryption president, helped with pull the largest clouds of encryption rugs in all ages. There is now justification for an investigation into Congress to find out the following regarding the pump and discharge scheme.

Who composed the jobs on Sunday afternoon to the president …

– Peter Chef (@PETERSCHEFF) March 3, 2025

The reaction of the encryption market

This controversy stems from Trump’s sudden announcement on Monday that his administration will include five encrypted currencies – Petkin, Ethereum, XRP, Solana, and Cardano – in a strategic coding reserve.

In the aftermath of the statement, the encryption market witnessed an immediate increase, as Bitcoin jumped by 10 % to 92,905 dollars, and ETHEREM accommodates 13 % to $ 2,443. Cardano led the gathering with an amazing increase of 64 % to $ 1.07, while XRP rose by 25 % to $ 2.79 and Solana gained 18 %.

However, the euphoria was short -term. By Tuesday, optimism faded over the initiative, which led to the correction of the sharp market. Bitcoin 9.8 % decreased to 83,725 dollars, while ETHEREUM decreased 15 % to $ 2,083.

The ceiling of the global encryption market decreased by 10.5 % to 2.76 trillion dollars, and other Altcoins suffered from significant decreases, with Cardano decreased by 25 %, Solana decreased by 19 %, Dogecoin 16 % loss, and XRP 18 % decreased.

Invitations for investigation

Chef argues that the rapid rise and decrease in encryption prices indicate the manipulation of the market, as the Trump advertisement may make great gains before the collapse. Congress asked the investigation whether or campaign close to Trump was benefiting from the advertising.

With Chef’s accusations gaining anxiety, political and financial experts are divided into whether Trump’s encryption data is just speculation or part of a coordinated effort to influence the market. Meanwhile, encryption investors remain ready, pending more developments on both the Policy Front and any possible investigation.

What next?

If Congress takes over the investigation, this may lead to deeper inquiries in the manufacture of encryption policies and the conflict of potential interests within political circles.

Currently, the encryption market is still volatile, as traders closely monitor any new policy from Trump or its allies who can send prices or collapse again.

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