It is difficult to think of an example of more cheeky political corruption than the President of the United States announcing a plan to use government money to buy cryptocurrency tokens for a “strategic reserve”. But that’s exactly what President Donald Trump did during the weekend, announcing that he will follow a campaign promise To establish a national cryptocurrency reserve which includes tokens like Solana, Cardano, XRP, Bitcoin and Ethereum. The three former tokens are popular among the allies of Trump’s cryptography and the technological allies – and the president himself. THE $ Trump Shitcoin Released during the inauguration weekend was made on the Solana blockchain, just like the $ Melania token.
It would not only be a gift for trump cryptography donors, who would see their bags swelling if the federal government was starting to buy crypto. It would be a pure auto-fureur for Trump and his sons, who adopted the money from the crypto-ne not to have potential with companies like World Liberty Financial And Trump Media’s next FinTech Investment Fund. The advantages for them were obvious. Besides the $ Trump token – which potentially gave almost $ 100 million in fees And the benefits of figures from the Trump world inside the pump and du -nomp – World Liberty Financial received $ 75 million from Chinese crypto entrepreneur Justin Sun. Last week, the Securities and Exchange Commission of Trump, now purged of its team for applying cryptography of the Biden era, abandoned his case of fraud against the sun. This Payola system works as it has been designed.
Report what this crypto reserve is, the prices of the tokens significantly enriched After Trump’s announcement. Some whales – huge breakfasts – have made major suspicious professions that have raised questions about the issue of its announcement of the announcement. But the pump did not last long. Within 24 hours, the prices of the tokens had slippery About what they were before the president’s announcement because even some eminent allies of Trump Tech began to question the initiative.
“Taxation is a flight. It must be maintained at least, ” wrote the venture capital Joe Lonsdale on X. “It is wrong to steal my money for fat on the left; It is also false to impose me for BROPTO BRO -BROS. »»
“No one has announced a tax or expense program”, ” replied David SacksThe venture capital serving as Trump’s Ai & Crypto CzarWho has invested in cryptographic companies through their Craft Ventures venture capital company, including those involved with Solana. Sacks said he had sold his personal crypto farms. “Maybe you should wait to find out what is really offered.”
Money must come somewhere. Asked on X to clarify what is proposed exactly, the bags did not respond.
The crypto helped bring Trump back to the White House.
