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President Donald Trump’s Sunday crypto reserve announcement has drawn some notable criticism from notable leaders within the crypto and tech industry, who made up his supporters during the presidential campaigns. According to a post on social media platform X by Brian Armstrong, the richest American within the crypto space with a net worth of $9.6 billion and a strong supporter of Donald Trump, only Bitcoin deserved a spot in the strategic crypto reserve as a potential “successor to gold” for the government. Backlash from Crypto Supporters US President Donald Trump revealed on March 2, 2025, through an executive order that he had told his administration to begin creating a national crypto reserve to solidify the country’s leadership within the crypto space. According to the President’s statement, the crypto reserve would include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Some of Donald Trump’s tech allies have reacted negatively to including altcoins since most expected the strategic crypto reserve to focus on Bitcoin alone. According to critics, the inclusion of altcoins would complicate the crypto reserve initiative and cause unintended market biases. Including Altcoins Raises Concerns The Head of Alpha Strategies at Bitwise, Jeff Park, is critical of the decision and has called it a grave political miscalculation, warning that including altcoins could raise concerns about Trump’s administration’s favoritism, whether the selection was made objectively or not. Park stated: “[The] big problem here is optics. When you include altcoins whose use case is too nascent to be deemed ‘nationally strategic,’ you risk the assumption of inside dealing even if it were patently false. This is politically negative, even among a subset of crypto enthusiasts.” Another harsh criticism came from Joe Lonsdale, an unabashed supporter of Donald Trump, the billionaire co-founder of AI-focused defense contractor Palantir. In his reply to Trump’s post, he stated: “It should be kept to a minimum. It’s wrong to steal my money for grift on the left; it’s also wrong to tax me for crypto bro schemes.” To the Defense of Trump Coming to the defense of Donald following the skepticism associated with including altcoins in the crypto reserve was venture capitalist Davis Sacks, who has been tapped to become the White House artificial intelligence and crypto czar. Sacks specifically took exception to Lonsdale’s comment, saying it was premature for anyone to jump to conclusions. It should be noted that Lonsdale and Sacks belong to the same conversation circle within the tech world, with other prominent members being Peter Thiel and Elon Musk. Sacks stated on X: “Nobody announced a tax or a spending program […] maybe you should wait to find out what’s being proposed.” Winklevoss Roots for Bitcoin Another Trump supporter who joined the Monday chorus of criticisms is Bitcoin investor Tyler Winklevoss. Last November, the Gemini exchange CEO asked Americans to vote for Trump if they cared about “the future of crypto, free speech, justice, liberty, and democracy.” However, commenting on the inclusion of altcoins, he stated: “I have nothing against XRP, SOL, or ADA, but I do not think they are suitable for a Strategic Reserve […] only one digital asset in the world right now meets the bar, and that digital asset is bitcoin.” Conclusion The reactions that have followed the inclusion of altcoins in the proposed crypto reserve come only a few weeks into Trump’s administration, showing how fast statements can activate the outrage machine. It would be interesting to see how the White House Summit scheduled for Friday in the White House will go, considering that investors are eagerly awaiting the outcome. Frequently Asked Questions (FAQs) What is Trump’s crypto reserve? On Sunday, the US President announced on his Truth Social platform that the federal government would establish a reserve by stockpiling five tokens. What coins are in the crypto reserve? Trump revealed that the “Crypto Strategic Reserve” will include Bitcoin, Ethereum, XRP, Solana, and Cardano. How would a reserve benefit the crypto industry? Supporters believe the reserve could legitimize crypto as a diversification strategy as the industry tries to solidify its standing in traditional market structures. Does Trump have the authority to create a crypto reserve? The President does not necessarily have the authority to modify the federal budget via an executive order. Appendix: Glossary to Key Terms Executive order: A rule or order issued by the President to an executive branch of the government and having the force of law Crypto reserve: A national stockpile of digital assets created under a federal regulatory framework on Digital Asset Markets Bitcoin: A digital currency that operates free of any central control or the oversight of banks or governments Altcoin: A cryptocurrency that is not Bitcoin References News Bitcoin The Hill

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Who did entity A suppress Asset A for? Your question seems to ask, "Who did Actor A suppress the Asset A price for?" Based on available information, there’s no definitive evidence that Actor A suppressed Asset A's price for a specific individual or entity as a targeted beneficiary. Instead, testimony from his trial suggests his actions were tied to broader financial strategies involving Entity A and Entity B, the companies. During Actor A's trial in October 2023, Accomplis A, former CEO of Entity A and a key witness, testified that Actor A instructed them to sell Bitcoin whenever its spot price exceeded $20,000, using Entity A customer funds to do so. This was revealed on day six of the trial, as reported by sources. The alleged intent wasn’t explicitly to benefit a specific person or group but to manage market dynamics—potentially to stabilize or cap Asset A's price during the 2021 bull run. Some analysts, speculated this could have prevented Asset A from reaching higher levels, such as $100,000, though this remains a theory, not a proven motive. Posts on X and web discussions have echoed this, with some claiming Actor A's sales were to manipulate Asset A price downward, possibly to protect Entity Bs positions or Entity A operations, which relied heavily on customer funds and leveraged assets like Exchange Token. However, interpretations vary as Writer A suggested on X that Actor A’s instructions might have been more about liquidity needs (e.g., "don’t sell below $20K" to avoid cheap losses) rather than a deliberate suppression scheme for someone else’s gain. No concrete evidence from the trial or other sources indicates Actor A acted to suppress Asset A price for a specific external party—like a competitor, investor, or regulator. Instead, the actions appear self-serving, aimed at sustaining his intertwined empire of Entity A and Entity B amid financial strain, as detailed in SEC charges and trial coverage. Prosecutors framed it as part of a broader fraud, not a favor to a third party. If you meant something more specific by "to for"—like a grammatical tweak or a different angle—feel free to clarify, and I’ll adjust accordingly! @grok 3 is a beast. This might twist your brain into a pretzel.

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