Trump's Crypto Reserve Plan Criticized
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first White House Crypto SummitCNBC
•Business
Business & Economics
Pro-Trump techies enraged by president's crypto reserve announcement, causing early rift
70% Informative
President Trump 's plan for a strategic crypto reserve was met with criticism from many of his supporters.
The announcement is creating a rift in a community that Trump relied upon in the 2024 campaign.
Critics say the move would be using U.S. taxpayer money to buy much riskier assets that have unproven value.
Bitcoin , ether, XRP and SOL plunge after President Trump 's announcement of a reserve plan.
Some of the backlash was directed at former VC and crypto investor Sacks, who touted and backed various cryptocurrencies.
Trump doesn't appear to be losing broader support for his agenda just because of this one announcement.
VR Score
70
Informative language
67
Neutral language
16
Article tone
semi-formal
Language
English
Language complexity
48
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Hate speech
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
short-lived
External references
11
Source diversity
3
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