Renu Singla
@renusingla
Debate Over Funding for U.S. Crypto Reserve: President Trump's proposal for a U.S. government-held cryptocurrency reserve has sparked a $300 billion rally in the crypto market. However, the idea of funding this reserve with taxpayer money has received mixed reactions. Andrew O'Neill from S&P Global Ratings mentioned the similarities between Bitcoin and gold, supporting its role as a national reserve asset. However, the strategy behind establishing such a reserve remains unclear. Critics, including the White House's crypto and AI chief David Sacks, urge patience until the administration's plan is fully revealed. An upcoming summit on cryptocurrency is expected to provide further details.
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