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mahatmakanejeeves

(61,654 posts) Wed Nov 27, 2024, 07:05 AM Nov 27

Crypto leaders press Trump to create federal bitcoin reserve [View all]

Source: Washington Post

Crypto leaders press Trump to create federal bitcoin reserve
The president-elect has previously expressed support for the idea, which some economists say could be inflationary and costly.

By Tony Romm
November 27, 2024 at 6:00 a.m. EST

Top cryptocurrency executives and investors are pushing President-elect Donald Trump to create a national stockpile of bitcoin, a move that could more closely tie the little-regulated, volatile industry to the future of the country’s finances.

{paywall}

Read more: https://www.washingtonpost.com/business/2024/11/27/trump-strategic-bitcoin-reserve-plan/

19 replies

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Crypto leaders press Trump to create federal bitcoin reserve [View all] mahatmakanejeeves Nov 27 OP

then some hacker will bleed it dry Historic NY Nov 27 #1

My question is whether the Department of Treasury will allow this to happen. no_hypocrisy Nov 27 #2

Thank you for pointing out that crypto valuations are extremely unstable. Midnight Writer Nov 27 #9

"vulnerable to manipulation by super-wealthy players" - for tRUMP that's a good thing. groundloop Nov 27 #12

In the annals of the history of corruption, this will make the Teapot Dome Scandal pale in comparison. sop Nov 27 #3

I hope this fails Marthe48 Nov 27 #4

I must confess Dyedinthewoolliberal Nov 27 #5

See reply 6. highplainsdem Nov 27 #7

This will undermine the dollar, and that's the intent. See highplainsdem Nov 27 #6

Isn't this against the raison d'tre of crypto? OrwellwasRight Nov 27 #8

"... then why ask governments to buy it?" mahatmakanejeeves Nov 27 #11

This is really bad. love_katz Nov 27 #10

Oh. My. God... FakeNoose Nov 27 #13

They want a federal crypto black hole, not a reserve; and that's to keep crypto as a Ponzi scheme muriel_volestrangler Nov 27 #14

Am I the only one old enough to remember Blue_Tires Nov 27 #15

You are not. OrwellwasRight Nov 30 #16

Satoshi Nakamoto could then destroy the US economy NoodleyAppendage Dec 1 #17

Bill Maher's take on crypto vapor2 Dec 1 #18

Well, pony up the money dudes! You hit the magic bribe number and travelingthrulife Dec 1 #19