Larry Summers Criticizes Trump's Bitcoin Plan
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national Bitcoin reserveFortune
•Former Treasury Secretary Larry Summers says Trump’s idea to create a national Bitcoin reserve is ’crazy’
73% Informative
Former Treasury Secretary Larry Summers says the idea of a national Bitcoin reserve is "crazy" Trump has said the U.S. should create a national reserve of the asset to counter geopolitical rivals.
A bill would see the government purchase 1 million Bitcoins over five years .
Trump has promised to dismiss crypto-skeptical Securities and Exchange Commission Chairman Gary Gensler .
VR Score
73
Informative language
68
Neutral language
47
Article tone
formal
Language
English
Language complexity
53
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
12
Source diversity
9
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