Trump unveils digital assets to be included in ‘crypto strategic reserve,’ sending Bitcoin, his memecoin and others soaring
New York PostMAR 1
Trump's Crypto Reserve Plan Sparks Major Digital Currency Rally
Above: Blockchain virtual digital cryptocurrency Bitcoin, Ethereum, Dogecoin on Feb. 7, 2025, Shanghai, China. Image copyright: CFOTO/Contributor/Future Publishing via Getty Images
The Spin
Republican narrative
The strategic reserve initiative will elevate cryptocurrencies beyond speculative assets, attracting institutional capital and establishing crypto as a core asset class within traditional financial markets, all while positioning the US as a global leader in digital assets.
Democratic narrative
The reserve's proposed funding structure raises significant concerns, as using seized cryptocurrencies from law enforcement actions rather than new purchases would merely represent transfers between accounts, potentially limiting the market impact and raising questions over taxpayer involvement.