{"id":152481,"date":"2025-03-04T19:00:24","date_gmt":"2025-03-04T17:00:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=152481"},"modified":"2025-03-04T18:42:55","modified_gmt":"2025-03-04T16:42:55","slug":"grayscale-pushes-for-hedera-etf-expanding-crypto-product-line","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/grayscale-pushes-for-hedera-etf-expanding-crypto-product-line\/","title":{"rendered":"Trump&#8217;s Crypto Reserve Proposal Faces Backlash from Key Industry Figures"},"content":{"rendered":"<p>The plan, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, aims to position the U.S. as a leader in crypto but has been criticized for potential government overreach in the market.<\/p>\n<p>Prominent figures like Coinbase CEO Brian Armstrong have voiced concerns, arguing that the reserve should focus solely on Bitcoin, which he views as a digital successor to gold. Billionaire investor Joe Lonsdale also condemned the proposal, claiming government interference in crypto markets is inappropriate.<\/p>\n<p>Even those close to Trump\u2019s crypto advisor, David Sacks, have criticized the plan. Jason Calacanis, co-host of the &#8220;All-In&#8221; podcast, labeled it a &#8220;Trump Pump,&#8221; while Jeff Park from Bitwise called the decision a political miscalculation. As the debate heats up, it remains to be seen whether the plan will proceed or face further pushback.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/grayscale-filex-19b-4-for-hedera-etf\/\" title=\"Grayscale Files 19b-4 For Hedera ETF\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/hedera-hashgraph-continues-dumping-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Grayscale Files 19b-4 For Hedera ETF<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Despite the growing criticism, Trump&#8217;s team has defended the initiative, emphasizing its potential to strengthen the U.S. dollar and attract international investment.<\/p>\n<p>The idea of a government-backed cryptocurrency reserve is a bold step that highlights the administration&#8217;s commitment to adopting emerging technologies, though it also underscores the challenges of balancing innovation with market principles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump&#8217;s proposal for a &#8220;cryptocurrency strategic reserve&#8221; has sparked strong skepticism within the crypto community, even from his past supporters.<\/p>\n","protected":false},"author":3,"featured_media":22498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-152481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump&#039;s Crypto Reserve Proposal Faces Backlash from Key Industry Figures<\/title>\n<meta name=\"description\" content=\"President Donald Trump&#039;s proposal for a &quot;cryptocurrency strategic reserve&quot; has sparked strong skepticism within the crypto community, even from his past supporters.\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump&#039;s Crypto Reserve Proposal Faces Backlash from Key Industry Figures\" \/>\n<meta property=\"og:description\" content=\"President Donald Trump&#039;s proposal for a &quot;cryptocurrency strategic reserve&quot; has sparked strong skepticism within the crypto community, even from his past supporters.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/grayscale-pushes-for-hedera-etf-expanding-crypto-product-line\/\" \/>\n<meta property=\"og:site_name\" content=\"Cryptodnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-04T17:00:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/trump-sp-500-bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1484\" \/>\n\t<meta property=\"og:image:height\" content=\"989\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta 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