The previous week within the crypto world was dominated by President Donald Trump’s announcement of a strategic U.S. cryptocurrency reserve. The transfer has sparked a flurry of reactions, with some questioning the inclusion of sure digital currencies and others calling for a Congressional investigation.
Right here’s a recap of the highest tales.
Schiff Questions Rationale for XRP Reserve
Famend economist Peter Schiff expressed his confusion over the inclusion of XRP within the cryptocurrency reserve that was introduced by President Trump. Whereas Schiff acknowledged the rationale behind Bitcoin’s inclusion, he slammed the choice to incorporate XRP, questioning its necessity.
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Trump’s Crypto Reserve Plan Faces Backlash
President Trump’s crypto reserve plan has not been well-received by his tech group supporters. The plan, which incorporates Bitcoin, Ether, XRP, Solana’s SOL token, and Cardano, has led to a big divide amongst his tech allies.
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Schiff, Scaramucci Name for Congressional Inquiry
Peter Schiff and Anthony Scaramucci have known as for a Congressional investigation into President Trump’s current cryptocurrency bulletins. Schiff raised questions on potential insider buying and selling and manipulation associated to the strategic cryptocurrency reserve declaration.
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Gordon Johnson Criticizes Market Corruption
Gordon Johnson, an analyst at GLJ Analysis, criticized what he known as market “corruption” following President Trump’s announcement of a strategic U.S. cryptocurrency reserve. Johnson responded to allegations that Trump’s proposed cryptocurrency purchases aligned with holdings beforehand owned by his crypto advisor, David Sacks.
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Polymarket CEO Invited to White Home Crypto Summit
Shayne Coplan, CEO of prediction market platform Polymarket, confirmed that he’ll attend the White Home Digital Asset Roundtable. Coplan, who was as soon as raided by the FBI for alleged regulatory violations, thanked President Trump for the invitation.
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