Trump’s Crypto Reserve Has a Problem. Red States Don’t Want It.

President Donald Trump’s goal to create a crypto strategic reserve has a major problem. Any attempt will most likely require Congress to pass a bill, and Republican-led efforts in red states to create a similar fund are failing.

Trump said Sunday on TruthSocial that an executive order he made in January directed a crypto working group to create a “U.S. Crypto Reserve” to include Bitcoin, as well as much smaller coins including Ether, ADA, XRP and SOL.