Trump's Strategic Crypto Reserve Plan Faces Criticism From Experts and Supporters

The proposal to create a federal cryptocurrency reserve raises questions about taxpayer funding, asset selection, and potential conflicts of interest.

President Donald Trump announced plans to establish a U.S. strategic cryptocurrency reserve, including Bitcoin, Ethereum, Solana, Cardano, and XRP.
Critics argue the reserve lacks clarity on funding sources, size, and its role in addressing national economic priorities like debt reduction.
Prominent crypto supporters, including Tyler Winklevoss, expressed concern over the inclusion of riskier assets beyond Bitcoin in the reserve.
Speculation about insider trading arose after a $200 million Bitcoin trade profited shortly before the announcement, prompting calls for transparency.
The White House's first cryptocurrency summit on Friday is expected to provide more details, with industry leaders and investors set to attend.