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Trump Proposes Crypto Reserve

This is a US news story, published by Verge, that relates primarily to Donald Trump news.

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crypto stockpile enriches Trump

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Business

Business & Economics

The crypto industry got what it paid for

Verge
Summary
Nutrition label

65% Informative

President Donald Trump announced a “strategic national bitcoin stockpile” on the campaign trail.

The only thing a crypto stockpile accomplishes is enriching Trump ’s crypto donors.

The US dollar is a source of American soft power and a tool for setting fiscal policy.

It amounts to an endorsement of tokens that the US has no control over, which are widely used for crime.

A Bitcoin reserve is a terrible idea in its own right, but the addition of extra currencies really gives away what’s happening.

Bitcoin is open source, and its creator (or creators), the Satoshi Nakamoto entity, has disappeared.

The only surprise is that Trump didn’t stick his own shitcoins in the reserve.

Fortunately, the crypto reserve stands a good chance of never happening. After all, the executive order Trump made in January says only that the US will evaluate creating a digital asset stockpile. The funniest possible outcome is also the most crypto possible outcome: the president manipulated the market for political ends, and the crypto stockpile never gets off the ground..

VR Score

59

Informative language

52

Neutral language

27

Article tone

semi-formal

Language

English

Language complexity

44

Offensive language

likely offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

detected

Time-value

short-lived

External references

27

https://www.whitehouse.gov/fact-sheets/2025/01/fact-sheet-executive-order-to-establish-united-states-leadership-in-digital-financial-technology/https://x.com/EricTrump/status/1896389993548931201https://www.cnn.com/2025/02/24/politics/north-korean-hackers-crypto-hack/index.htmlhttps://www.cfr.org/backgrounder/dollar-worlds-reserve-currencyhttps://www.newsweek.com/david-sacks-crypto-reserve-donald-trump-bitcoin-solana-2038902https://truthsocial.com/@realDonaldTrump/posts/114093526901586124https://www.bleepingcomputer.com/news/security/fbi-confirms-lazarus-hackers-were-behind-15b-bybit-crypto-heist/https://solana.com/news/solana-labs-completes-a-314-15m-private-token-sale-led-by-andreessen-horowitz-and-polychain-capitalhttps://isps.yale.edu/news/blog/2014/06/the-perils-of-bitcoin-as-currencyhttps://go.skimresources.com/?id=1025X1701640&xs=1&url=https%3A%2F%2Fwww.usatoday.com%2Fstory%2Fmoney%2Flegal%2F2025%2F03%2F03%2Fsec-drops-lawsuit-crypto-kraken%2F81169844007%2Fhttps://spinoff.nasa.gov/spinoff1997/hm2.htmlhttps://blockworks.co/news/lightspeed-newsletter-a16z-solana-gaminghttps://cointelegraph.com/news/sec-closes-investigation-nft-platform-openseahttps://apnews.com/general-news-ece1c6b122224bd9ac5e4cbd0c1e1d80https://www.justice.gov/usao-sdny/pr/us-attorney-announces-historic-336-billion-cryptocurrency-seizure-and-convictionhttps://www.bloomberg.com/opinion/articles/2024-07-31/trump-likes-the-idea-of-a-federal-bitcoin-reserve-don-t-laugh?sref=M8H6LjUFhttps://www.politico.com/news/2024/11/08/crypto-2024-elections-00187415https://jobs.a16z.com/jobs/solana-labshttps://www.sec.gov/newsroom/press-releases/2025-47https://x.com/IOHK_Charles/status/1855371758548959707https://cointelegraph.com/news/sec-closes-investigation-gemini-no-enforcement-actionhttps://apnews.com/article/bitcoin-trump-satoshi-record-6ee18c4f1a8fc2365ff939600cad2d44https://www.reuters.com/legal/us-sec-case-against-crypto-exchange-binance-put-hold-2025-02-13/https://nypost.com/2025/02/04/business/everyone-in-crypto-begging-for-a-spot-on-trump-advisory-council/https://www.cnn.com/2025/02/28/business/crypto-mogul-trump-coins-civil-fraud-charges/index.htmlhttps://www.chainalysis.com/blog/2025-crypto-crime-report-introduction/https://www.elliptic.co/blog/bybit-hack-largest-in-history

Source diversity

23

www.whitehouse.govx.comwww.cnn.comwww.cfr.orgwww.newsweek.comtruthsocial.comwww.bleepingcomputer.comsolana.comisps.yale.edugo.skimresources.comspinoff.nasa.govblockworks.cocointelegraph.comapnews.comwww.justice.govwww.bloomberg.comwww.politico.comjobs.a16z.comwww.sec.govwww.reuters.comnypost.comwww.chainalysis.comwww.elliptic.co

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