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Indebta > Investing > Trump’s Crypto Reserve Has a Problem. Red States Don’t Want It.
Investing

Trump’s Crypto Reserve Has a Problem. Red States Don’t Want It.

News Room
Last updated: 2025/03/04 at 8:24 AM
By News Room
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Last Updated: March 3, 2025 at 4:38 p.m. ET
First Published: March 3, 2025 at 2:06 p.m. ET

President Donald Trump’s goal to create a crypto strategic reserve has a major problem. Any attempt will most likely require Congress to pass a bill, and Republican-led efforts in red states to create a similar fund are failing.

Trump said Sunday on TruthSocial that an executive order he made in January directed a crypto working group to create a “U.S. Crypto Reserve” to include Bitcoin, as well as much smaller coins including Ether, ADA, XRP and SOL.

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News Room March 4, 2025 March 4, 2025
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