CNN - The Trump administration is working to develop a cryptocurrency reserve, part of the president's pledge to make the US the "Crypto Capital of the World." However, some prominent tech and crypto leaders have criticized the plan to direct the government to stockpile bitcoin, ethereum and three other tokens. Analysts say it has raised obvious questions of conflict of interest, considering that the company that owns Trump's social media network recently made clear its plans to invest $250 billion in the cryptocurrency industry. Other critics have likened Trump's plan to a government bailout of crypto, an asset class that just experienced its worst trading month in two years. Bitcoin, a market bellwether, fell 18% in February — its steepest drop since June 2022.
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