Donald Trump is known for loving 19th-century President William McKinley, whom he credits for improving the US “through tariffs and through talent.” Now there’s another connection. Trump’s proposed national reserve of cryptocurrencies, including Bitcoin and memecoin-focused Solana, is reminiscent of the fight for a monetary system backed by both silver and gold in McKinley’s day. The danger today is of a speculative bubble with risks to the US dollar — with looming McKinley-esque tariffs also adding to the pain.
A crypto reserve is uncharted territory for any country, let alone the US, and Trump has been vague about the details. Still, his language goes beyond ...
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