Investment Bank TD Cowen: Trump's Cryptocurrency Strategic Reserve Declaration Lacks Coordination and Funding Plan

BlockBeats News, March 3rd, Investment bank TD Cowen stated that on Sunday, U.S. President Donald Trump announced that the U.S. will establish a "Cryptocurrency Strategic Reserve" holding Bitcoin, Ethereum, XRP, Solana, and Cardano, This announcement appears to lack coordination and the source of funding is unclear.

The TD Cowen Washington research team led by Jaret Seiberg wrote in a report on Monday, "We caution against overreacting to social media posts. The initial version did not even include Bitcoin and Ethereum as part of the reserve. This, in our view, suggests that it lacks coordination and does not discuss how the government will acquire funds to purchase the tokens."