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Pro-Trump techies enraged by president's crypto reserve announcement, causing early rift - TL;DR CNBC

Pro-Trump techies enraged by president's crypto reserve announcement, causing early rift

Publishing timestamp: 2025-03-04 11:00:01


Summary

President Trump's plan for a strategic crypto reserve including multiple digital currencies has caused criticism from his supporters. The announcement has created a rift in the community that supported Trump in the 2024 campaign. Some see the move as using taxpayer money to buy riskier assets, while others believe it could be bullish for bitcoin and the U.S. crypto industry. The debate adds interest to Trump's upcoming White House Crypto Summit.


Sentiment: MIXED

Tickers: BTC.CB=MSTRCOINADA.CM=SOL.CM=ETH.CM=XRP.CM=

Keywords: elon muskdonald j. trumpfintechbitcoinbitcoin/usd coinbasebusiness newspoliticstechnologymicrostrategy inccoinbase global incbreaking news: politicscryptocurrencyenergy

Source: https://www.cnbc.com/2025/03/04/pro-trump-techies-enraged-by-crypto-reserve-plan-causing-early-rift.html


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