Why the Backlash? Several tech and crypto leaders are questioning the plan. Here’s why: Taxpayer Money: Critics argue that using taxpayer funds to support speculative digital assets is risky. Obscure Tokens: The inclusion of Solana, XRP, and Cardano raises questions. These tokens are less widely accepted and some believe they were chosen due to personal … Read more
Trump’s Announcement Trump shared the news on Truth Social on March 2, 2025. He stated that the Crypto Reserve would help the crypto industry recover from what he called “corrupt attacks” by the Biden administration. He added that his Executive Order on Digital Assets directed the Presidential Working Group to create the Crypto Strategic Reserve. … Read more
Pardon, Pro-Crypto Regulations, and Stablecoin Oversight The first promise he fulfilled was the pardon of Ross Ulbricht. Ulbricht is the creator of the infamous Silk Road platform. It was one of the most popular dark web platforms. People could purchase various illegal substances with Bitcoin on the platform. The court sentenced Ulbricht to two life … Read more
WLFI announced the fund on Feb. 11, and noted that the fund is intended to support the cryptocurrency projects and permit their further role into the existing financial system. This intends to strengthen the stability of such assets by diversifying holdings across the tokenized asset spectrum for a more solid financial structure. Meanwhile, it will … Read more
President Donald Trump’s new decentralized finance (DeFi) project is partnering with real-world asset (RWA) tokenization protocol Ondo Finance (ONDO) to boost RWA adoption. In a new thread on the social media platform X, the development team behind Ondo Finance says it’s collaborating with World Liberty Financial (WLFI) as a means of bringing traditional finance to … Read more
