US President Donald Trump's announcement of a "cryptocurrency strategic reserve" has faced skepticism from prominent figures in the crypto and technology industries. The announcement initially led to a surge in crypto trading but concerns about the implications of the plan caused market cooling. Trump's plan involves establishing a government-backed reserve that includes Bitcoin, Ethereum, XRP, Solana, and Cardano. Critics have raised doubts about the inclusion of multiple cryptocurrencies and whether government intervention contradicts free market principles. Coinbase CEO Brian Armstrong suggested focusing solely on Bitcoin, while billionaire investor Joe Lonsdale condemned the plan. Even individuals connected to Trump's crypto chief, David Sacks, have voiced disapproval.



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