The rift over the president’s proposed grab-bag of tokens signals a rocky political road ahead for one of the administration’s most audacious tech proposals. Underlying the issue: His administration has yet to articulate how it intends to reconcile the president’s “America First” agenda with crypto networks that are intended to be decentralized and borderless by design.

Angel investor Jason Calacanis dismissed the idea as the latest “Trump pump” and “crypto grift.” Considering Calacanis’s close relationship to Trump’s “crypto czar,” David Sacks, this type of stuff may be a bad sign for the president on the crypto front: Sacks,

U.S. President Donald Trump has named five cryptocurrencies he wants to be part of a new strategic reserve - in other words, crypto holdings owned by the U.S. government. In a post on Truth Social on Sunday,