{"id":23198,"date":"2025-03-04T14:03:25","date_gmt":"2025-03-04T15:03:25","guid":{"rendered":"https:\/\/medexperts.pro\/?p=23198"},"modified":"2025-03-04T15:23:50","modified_gmt":"2025-03-04T15:23:50","slug":"what-is-trumps-crypto-reserve-plan","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=23198","title":{"rendered":"What is Trump\u2019s Crypto Reserve Plan?"},"content":{"rendered":"<div><\/div>\n<p id=\"article-summary\" class=\"css-79rysd e1wiw3jv0\">The prospect of using taxpayer money to stockpile cryptocurrencies in a national reserve has drawn criticism from lawmakers and investors.<\/p>\n<section class=\"meteredContent css-1r7ky0e\">\n<div class=\"css-s99gbd StoryBodyCompanionColumn\" data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The crypto market gives and takes: After President Trump\u2019s plan for a <a class=\"css-yywogo\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114093946326587357\" title rel=\"noopener noreferrer\" target=\"_blank\">national crypto reserve<\/a> <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/03\/business\/dealbook\/trump-crypto-bitcoin-reserve.html#:~:text=Critics%20of%20all,crypto%20bro%20schemes.%E2%80%9D\" title>drew backlash<\/a> from both Republicans and investors, the prices of digital tokens that would be involved soared higher \u2014 and then tumbled. (Bitcoin was trading at about $83,800 early on Tuesday, down nearly $10,000 from a day ago.)<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The plan has spurred a lot of questions about how it would work and the risks that would be involved.<\/p>\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-82c27b9\">How would a national reserve work?<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump campaigned last summer on creating a <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/07\/27\/us\/politics\/trump-bitcoin-crypto.html\" title>federal Bitcoin stockpile<\/a> and appointed the venture capitalist David Sacks as his <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/12\/05\/us\/politics\/david-sacks-crypto-ai-trump.html\" title>crypto czar<\/a>. Advisers have suggested holding on to any Bitcoin the government has already seized from criminals, recently estimated at about <a class=\"css-yywogo\" href=\"https:\/\/intel.arkm.com\/explorer\/entity\/usg\" title rel=\"noopener noreferrer\" target=\"_blank\">$17 billion<\/a>.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">A <a class=\"css-yywogo\" href=\"https:\/\/www.congress.gov\/bill\/118th-congress\/senate-bill\/4912\/text\" title rel=\"noopener noreferrer\" target=\"_blank\">bill proposed<\/a> by Senator Cynthia Lummis, Republican of Wyoming, would direct the government to buy about 200,000 Bitcoin a year over five years, for a value of about $90 billion. (To help pay for that, the bill proposes taking $4.4 billion out of the Federal Reserve\u2019s surplus, cutting into the Treasury Department\u2019s coffers.) Of course, the digital token\u2019s prices would probably rise in anticipation of those federal purchases.<\/p>\n<\/div>\n<\/div>\n<div data-testid=\"Dropzone-1\"><\/div>\n<div class=\"css-s99gbd StoryBodyCompanionColumn\" data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">One unknown is whether Mr. Trump, in the face of divisions among Republican lawmakers on the idea of a reserve, would seek to test legal limits on his authority and create one unilaterally.<\/p>\n<h2 class=\"css-13o6u42 eoo0vm40\" id=\"link-19baf1e2\">Would taxpayer money be involved?<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">That prospect drew the most criticism. Joe Lonsdale, a financier and Trump supporter, said it was \u201c<a class=\"css-yywogo\" href=\"https:\/\/x.com\/jtlonsdale\/status\/1896245689488920748\" title rel=\"noopener noreferrer\" target=\"_blank\">wrong to tax me for crypto bro schemes<\/a>.\u201d Another investor called the proposal an \u201c<a class=\"css-yywogo\" href=\"https:\/\/pomp.substack.com\/p\/what-i-think-about-the-crypto-strategic?utm_source=post-email-title&amp;publication_id=1383&amp;post_id=158257729&amp;utm_campaign=email-post-title&amp;isFreemail=true&amp;r=88e&amp;triedRedirect=true&amp;utm_medium=email\" title rel=\"noopener noreferrer\" target=\"_blank\">unforced error<\/a>\u201d that would \u201cenrich the insiders and creators of these coins at the expense of the U.S. taxpayer.\u201d<\/p>\n<div class=\"css-1336jj\">\n<div class=\"css-121kum4\">\n<div class=\"css-171quhb\"><\/div>\n<div class=\"css-asuuk5\">\n<div class=\"css-7axq9l\" data-testid=\"optimistic-truncator-noscript\">\n<div data-testid=\"optimistic-truncator-noscript-message\" class=\"css-6yo1no\">\n<p class=\"css-3kpklk\">We are having trouble retrieving the article content.<\/p>\n<p class=\"css-3kpklk\">Please enable JavaScript in your browser settings.<\/p>\n<\/div>\n<\/div>\n<div class=\"css-1dv1kvn\" id=\"optimistic-truncator-a11y\">\n<hr \/>\n<p>Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0<a href=\"https:\/\/myaccount.nytimes.com\/auth\/login?response_type=cookie&amp;client_id=vi&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2025%2F03%2F04%2Fbusiness%2Fdealbook%2Ftrump-crypto-reserve-what-we-know.html&amp;asset=opttrunc\">log into<\/a>\u00a0your Times account, or\u00a0<a href=\"https:\/\/www.nytimes.com\/subscription?campaignId=89WYR&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2025%2F03%2F04%2Fbusiness%2Fdealbook%2Ftrump-crypto-reserve-what-we-know.html\">subscribe<\/a>\u00a0for all of The Times.<\/p>\n<hr \/>\n<\/div>\n<div class=\"css-1g71tqy\">\n<div data-testid=\"optimistic-truncator-message\" class=\"css-6yo1no\">\n<p class=\"css-3kpklk\">Thank you for your patience while we verify access.<\/p>\n<p class=\"css-3kpklk\">Already a subscriber?\u00a0<a data-testid=\"log-in-link\" class=\"css-z5ryv4\" href=\"https:\/\/myaccount.nytimes.com\/auth\/login?response_type=cookie&amp;client_id=vi&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2025%2F03%2F04%2Fbusiness%2Fdealbook%2Ftrump-crypto-reserve-what-we-know.html&amp;asset=opttrunc\">Log in<\/a>.<\/p>\n<p class=\"css-3kpklk\">Want all of The Times?\u00a0<a data-testid=\"subscribe-link\" class=\"css-z5ryv4\" href=\"https:\/\/www.nytimes.com\/subscription?campaignId=89WYR&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2025%2F03%2F04%2Fbusiness%2Fdealbook%2Ftrump-crypto-reserve-what-we-know.html\">Subscribe<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>The prospect of using taxpayer money to stockpile cryptocurrencies in a national reserve has drawn criticism from lawmakers and investors.The crypto market gives and takes: After President Trump\u2019s plan for a national crypto reserve drew backlash from both Republicans and investors, the prices of digital tokens that would be involved soared higher \u2014 and then tumbled. (Bitcoin was trading at about $83,800 early on Tuesday, down nearly $10,000 from a day ago.)The plan has spurred a lot of questions about how it would work and the risks that would be involved.How would a national reserve work?Mr. Trump campaigned last summer on creating a federal Bitcoin stockpile and appointed the venture capitalist David Sacks as his crypto czar. Advisers have suggested holding on to any Bitcoin the government has already seized from criminals, recently estimated at about $17 billion.A bill proposed by Senator Cynthia Lummis, Republican of Wyoming, would direct the government to buy about 200,000 Bitcoin a year over five years, for a value of about $90 billion. (To help pay for that, the bill proposes taking $4.4 billion out of the Federal Reserve\u2019s surplus, cutting into the Treasury Department\u2019s coffers.) Of course, the digital token\u2019s prices would probably rise in anticipation of those federal purchases.One unknown is whether Mr. Trump, in the face of divisions among Republican lawmakers on the idea of a reserve, would seek to test legal limits on his authority and create one unilaterally.Would taxpayer money be involved?That prospect drew the most criticism. Joe Lonsdale, a financier and Trump supporter, said it was \u201cwrong to tax me for crypto bro schemes.\u201d Another investor called the proposal an \u201cunforced error\u201d that would \u201cenrich the insiders and creators of these coins at the expense of the U.S. taxpayer.\u201dWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":23200,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-23198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23198"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23198\/revisions"}],"predecessor-version":[{"id":23201,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23198\/revisions\/23201"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/23200"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}