President Donald Trump has directed the President's Working Group on Digital Assets to establish a US crypto strategic reserve, comprising key cryptocurrencies. Initially, the inclusion of Ripple (XRP), Solana (SOL), and Cardano (ADA) stirred excitement among supporters, but the absence of Bitcoin (BTC) raised eyebrows. World Liberty Financial (WLFI), a DeFi platform affiliated with Trump and his family, holds approximately $92 million in crypto assets, some of which directly or indirectly align with the newly established reserve. Critics argue that the reserve is a calculated move to drive up the value of Trump-linked assets. Industry experts have raised concerns about conflict of interest, market manipulation, and insider trading. The appointment of crypto advocates to lead digital asset policy also raises concerns about regulatory capture. The long-term impact of Trump's crypto reserve on price discovery, liquidity, and valuation remains uncertain.



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