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Fortune
Fortune
Christos Makridis

Trump’s crypto reserve is being panned by crypto leaders. Here’s why it’s actually a good idea

Crypto czar David Sacks speaks to President Donald Trump in the White House in January. (Credit: nna Moneymaker/Getty Images)

The recent announcement by the United States to establish a strategic crypto reserve, featuring Bitcoin, Ethereum, XRP, Solana (SOL), and Cardano (ADA) is a major milestone for national security and economic policy. By integrating these digital assets into a formal reserve, the U.S. not only fortifies its national security posture, but also strategically supports and leads the growth of the private digital asset market worldwide.

The announcement received criticism from some crypto leaders, such as Coinbase CEO Brian Armstrong, who had pushed for only including Bitcoin, and 8VC general partner Joe Lonsdale, a Trump supporter who argued the government should stay out of crypto. Some have also suggested that there was insider trading, but these accusations have been speculation so far. Do not forget that there is vast insider trading outside of crypto—so much that there’s even an app called Autopilot that allows retail users to replicate the trades of politicians.

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