It's been an up-and-down year for cryptocurrency since President Trump took office, pledging to make the U.S. the "crypto capital of the planet." So when he made his latest pro-crypto announcement, posting on Sunday that the U.S. government would purchase and hold digital tokens in a "Crypto Strategic Reserve," prices briefly surged.
So did the blowback. There were questions over why a reserve was needed, whether it would benefit only crypto holders and if it presented anther conflict of interest for Trump, who has selected a friendly regulator for the industry he and his family are invested in.
