{"id":16151,"date":"2025-03-04T19:01:39","date_gmt":"2025-03-04T19:01:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16151"},"modified":"2025-03-04T19:01:39","modified_gmt":"2025-03-04T19:01:39","slug":"donald-trumps-bitcoin-xrp-cardano-reserve-proposal-drives-wedge-in-crypto-industry","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16151","title":{"rendered":"Donald Trump’s Bitcoin, XRP, Cardano Reserve Proposal Drives Wedge In Crypto Industry"},"content":{"rendered":"
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The cryptocurrency sector, often unified in its push against traditional financial systems, is facing a deepening rift over President Donald Trump<\/strong>‘s proposal to create a U.S. strategic reserve of digital assets<\/a>.<\/p>\n

What Happened: <\/strong>Unveiled in early March, the plan as ignited fierce debate over its implications for fiscal responsibility, economic equity, and the very ethos of the crypto movement. <\/p>\n

As Trump’s Department of Government Efficiency (DOGE), led by Elon Musk<\/strong>, simultaneously pursues trillions in spending cuts, the contrast between these policies has sharpened divisions within the industry, pitting advocates of government-backed crypto adoption against those wary of using public funds to prop up volatile, unproven assets.<\/p>\n

Trump’s announcement, made via Truth Social<\/strong> on Sunday, named five cryptocurrencies\u2014Bitcoin <\/strong>(CRYPTO: BTC<\/a>), Ethereum <\/strong>(CRYPTO: ETH<\/a>), Ripple <\/strong>(CRYPTO: XRP<\/a>), Solana <\/strong>(CRYPTO: SOL<\/a>), and Cardano <\/strong>(CRYPTO: ADAA)\u2014as candidates for the reserve.<\/p>\n

According to data from CoinGecko, Bitcoin surged over 20% from the previous week’s lows to $92,000 by Monday, with other listed tokens also rallying sharply.<\/p>\n

The task force, established via executive order on Trump’s Inauguration Day, Jan. 20, aims to cut $1 trillion from the deficit, according <\/a>to Musk’s statements in a Fox News interview with Sean Hannity<\/strong> on Feb. 25.<\/p>\n

DOGE has already claimed $55 billion in savings by Feb. 24, per its official website, targeting programs like USAID and DEI contracts at the Treasury.<\/p>\n

Yet, the juxtaposition of these cuts with a plan to buy cryptocurrencies\u2014assets known for wild price swings\u2014has fueled accusations of inconsistency. <\/p>\n

“The …<\/p>\n

Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency sector, often unified in its push against traditional financial systems, is facing a deepening rift over President Donald Trump‘s proposal to create a U.S. strategic reserve of digital assets. What Happened: Unveiled in early March, the plan as ignited fierce debate over its implications for fiscal responsibility, economic equity, and the very ethos […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16151","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16151"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16151\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}