Trump Plans to Designate Cryptocurrency as a National Priority
Posted: Jan 17, 2025
- Trump plans to designate cryptocurrency as a national priority
- Executive order expected to create a crypto advisory council
- Trump allies discussing stopping federal crypto litigation
- National imperative to guide government agencies to work with the crypto industry
- Crypto advisory council to advocate for industry's policy priorities
What do people on Reddit think?
🚨 Reddit sentiment: negative - Most comments express skepticism and criticism towards Trump's plan, focusing on potential scams and misprioritization of national issues. Summarized comments: - Concerns about potential scams and federal involvement in cryptocurrency - Skepticism about Trump's understanding of cryptocurrency and his advisors - Criticism for prioritizing cryptocurrency over other pressing issues like healthcare and homelessness - Speculation that this could lead to very high US Treasury rates in the future - Allegations of personal enrichment for Trump and his family through crypto - Concerns about possible pump-and-dump schemes associated with this policy - Overall perception that this initiative is a strategic move for financial gains for people close to Trump
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