Backlash to Crypto-Reserve Plan Raises Doubts on Its Prospects

There are many questions swirling around Washington and the crypto market regarding how exactly the Trump administration will attempt to execute on the president’s plan for a strategic cryptocurrency reserve.

Yet one important point is clear: The US would have to acquire three of the tokens that he wants included in the stockpile. And that’s causing backlash among both supporters and critics of the notion that the government should be invested in digital assets.

When Trump originally announced plans for a Bitcoin reserve last year, he said it would be based on crypto that the government already held, mostly from ...