Former President Donald Trump's proposed cryptocurrency strategic reserve, called the "Crypto Strategic Reserve," has been met with doubts by Wyoming Sen. Cynthia Lummis. Lummis questions the feasibility of the plan, citing insufficient Congressional backing as a barrier. Trump's plan aims to establish the U.S. as a global crypto leader by holding various cryptocurrencies, including bitcoin and ethereum, in the reserve. Lummis, a bitcoin proponent, introduced her own bitcoin-focused reserve bill in 2024, but it has stalled in the Senate Banking Committee. Key Republicans have raised concerns about funding mechanisms and regulatory complexities, leading to delays in the reserve's progress. Market reactions to Trump's plan highlighted the sensitivity of the crypto market to policy signals. As of now, both proposals lack legislative traction, and the future of the reserve remains uncertain despite support from the crypto industry.



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