On Sunday, President Trump announced plans for a US “crypto-strategic reserve.” Statement He would make the country the “crypto capital of the world.” But, if you look closely, the reserves reveal that it could be nothing more than a blatant insider trading scam to enrich billionaires’ crypto Czar, funded by taxpayer money.
Trump has announced that five cryptocurrencies will be added to the strategic reserve: Bitcoin, Ethereum, XRP, Solana and Cardano. Coincidentally, his Crypto Czar David Sacks has a venture linked to Bitwise Invests, one of the largest Crypto index fund providers. Bitise holds a significant amount of exactly the same cryptocurrency. bag It was promised He sold his personal direct holdings but did not mention his multiple indirect holdings.
If this wasn’t enough, hours before Trump’s announcement, someone bought $200 million Ethereum and Bitcoin, raising questions about who knew about the plan in advance.
X Screenshot kobeissi Letter @kobeissiletter: This is unusual. 24 hours ago, someone took $200,000,000 worth of Ethereum and Bitcoin lengths with 50x leverage. This meant that even a 2% decline in Bitcoin would liquidate $200 million. Today, President Trump announced US crypto sanctuaries, including BTC and ETH. Did anyone know? (Screenshot of purchase)
Sack, on his part, denied his indirect claims of holding and instead claimed that they were farces. “We had a $74,44,000 position in the Bitwise ETF that we sold on January 22nd. There is no “indirect large holdings.” I said. “We will provide updates at the end of the ethical process.”
Sacks is set to chair the first annual Crypto Summit at the White House on Friday.
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