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Representation of the $Trump meme coin together with Bitcoin and crypto coins, seen in this photo illustration.

Jonathan Raa / Sipa USA

Viewpoint: How would Trump’s crypto reserve work?

Though once a crypto skeptic, President Donald Trump has become an enthusiastic supporter of the industry. His media company began investing in crypto several years ago, and on the campaign trail, he pledged to reverse Joe Biden’s administration's tough regulatory approach toward this asset class. He also proposed creating a national Bitcoin stockpile, which would include the Bitcoin seized in law enforcement actions.

Trump’s recent announcement of a “strategic crypto reserve” showed his continued commitment to this idea, as well as his indifference to perceptions of conflicts of interest. Crypto-friendly investors are influential in the new administration, and Trump himself launched a crypto meme coin shortly before taking office.

We asked Eurasia Group expert Babak Minovi how a “strategic crypto reserve” would work.

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Bitcoins are being displayed in Huai 'an city, Jiangsu province, China, on June 26, 2024.

Reuters

Hard Numbers: Wisconsin school shooting, Crypto keeps cooking, what Russia got out of A$$ad, Japan’s biggest bank makes huge apology, Brazil tracks DNA of gold

2: Police have identified that the shooter who opened fire at a Christian school in Wisconsin was a 15-year old female student. The shooter killed two people, a student and a teacher, and left six others severely injured before taking her own life.

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Police officers stand guard on the rooftop of Vienna's OPEC headquarters before the start of meeting of OPEC oil.

REUTERS/Heinz-Peter Bader

Hard Numbers: OPEC+ ain’t eager to pump, Mexico woos Trump with drug bust, Bitcoin to the moon, Merkel’s book is a blockbuster, Quake hits the Golden State

3.85 million: The OPEC+ oil cartel on Thursday agreed to extend production cuts of 3.85 million barrels into 2026 amid soft demand and concerns about what the incoming Trump administration’s tariff policies might mean for future markets. Some of the cuts will begin to expire in April, but the market seems to believe Trump wants low oil prices, and a full unwinding will not begin until the end of 2026, according to the new plan.
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FILE PHOTO: In the photos taken on January 31, 2024, Ukrainian soldiers are deployed in the middle of the conflict with Russia. Ukrainian Intelligence has stated that Russian forces "have already made use" of some missiles delivered to the country by North Korea as part of the invasion and has stressed that there is "cooperation between the two regimes" at a military and weapons.

Handout / Latin America News Agency via Reuters Connect

Hard Numbers: North Koreans killed in Russia, Ireland approaches crucial vote, Pakistan locks down over Khan, Bitcoin to the moon!

500: Ukrainian media reported Sunday that a strike on North Korean forces operating in the Kursk region of Russia killed at least 500 troops, though Pyongyang has not (and probably won’t) confirm the figures. If true, it would be the first major casualty incident for the Korean People’s Army while fighting Ukraine, and the sheer number of deaths at once may be difficult for Pyongyang to explain at home.

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Displaced Palestinians walk in a tent camp amid the conflict between Israel and Hamas in Khan Younis, southern Gaza Strip, on Nov. 9, 2024.

Photo by Majdi Fathi/NurPhoto via Reuters

Hard Numbers: Israel expands humanitarian zone, Bitcoin bounces, Italy’s Meloni loses in court, OECD prices remain high, A very late book return

30: On Monday, Israeli officials announced they have expanded a humanitarian zone in southern Gaza just ahead of the expiration of the Biden administration’s 30-day deadline to provide more aid to Gaza’s civilian population. US officials have warned that failure to comply could have “implications for US policy,” including on US materiel support for Israel. It remains unclear whether Israel’s plan will offer Palestinians much help or satisfy US demands.
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El Salvador's President Nayib Bukele, who is running for reelection, greets people, on the day of the presidential and parliamentary elections in San Salvador, El Salvador, February 4, 2024.

REUTERS/Jose Cabezas

Crime fighter cruises to victory in El Salvador

Salvadorans voted overwhelmingly on Sunday to reelect President Nayib Bukele, the self-styled “world’s coolest dictator” – even though the constitution says he can’t serve a second term. Provisional results show he won 83% of the vote.

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Former Pakistan Prime Minister Imran Khan speaks to Reuters during an interview in Lahore, Pakistan, in March 2023.

REUTERS/Akhtar Soomro

Hard Numbers: Imran Khan faces new sentence, Russia gets economic upgrade, Philippines and Vietnam join hands in South China Sea, Germany makes big Bitcoin seizure

10: Pakistan’s former Prime Minister Imran Khan and former Foreign Minister Shah Mahmood Qureshi were sentenced Tuesday to 10 years in prison for leaking state secrets. While Khan is already serving a three-year term on corruption charges, this is Qureshi’s first conviction. The new ruling comes just a week before general elections on Feb. 8. Khan’s political party, Pakistan Tehreek-e-Insaf, called it “a sham case” and plans to challenge the decision in a higher court.

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Illustration cryptocurrency bitcoin, Suqian, Jiangsu province, China, January 3, 2024.

REUTERS

US regulators give a huge kiss to crypto

The past year and a half has been brutal for cryptocurrencies, as a barrage of bad news, scandals, and bankruptcies fanned suspicions about the credibility of digital coin.

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