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Expert Warns Trump’s Crypto Reserve Plan Could Open the Door to Serious Market Manipulation
In a recent statement, Samson Mow, founder of Farcaster and a prominent voice in the industry, has expressed his concerns about Donald Trump’s proposed crypto reserve plan. Mow believes that the inclusion of certain altcoins such as XRP, Solana, Cardano, and Ethereum in the reserve could lead to serious market manipulation.
Mow emphasized that the focus should be on tokens with proof-of-work like Bitcoin and Litecoin, rather than the mentioned altcoins. He fears that if Trump’s crypto reserve goes ahead without careful consideration, it may open the door to manipulation, ultimately causing chaos and harm to the crypto market.
The proposed crypto reserve plan is part of Trump’s efforts to boost the adoption of cryptocurrencies in the United States. The announcement comes at a time when the crypto market is still recovering from a turbulent February that saw significant corrections in Bitcoin and Ethereum prices.
Source: https://www.crypto-news.net/expert-warns-trumps-crypto-reserve-plan/
