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Trump's 'Crypto Reserve' Is Such Brazen Corruption

Trump plans to use your money to buy fake money – benefiting the crypto donors who helped put him back in the White House.

David Sacks, the US "AI and Crypto Czar,” speaks to Donald Trump as the president signs a series of executive orders in the Oval Office on Jan. 23, 2025. It’s hard to think of an example of political corruption more brazen than the president of the United States announcing a plan to use government money to buy cryptocurrency tokens for a “strategic reserve.” But that’s exactly what President Donald Trump did over the weekend, announcing that he will follow through on a campaign promise to establish a national cryptocurrency reserve that includes tokens like Solana, Cardano, XRP, Bitcoin, and Ethereum. Within 24 hours, token prices had slid to about what they were before the president’s announcement as even some prominent Trump tech allies started questioning the initiative.

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