Trump’s Crypto Reserve Plan Lacks Coordination and Funding Details

Investment bank TD Cowen expressed caution about President Trump's "crypto strategic reserve" plan announced on Sunday, stating that the plan lacks coordination and does not specify the source of funds.

In a report released on Monday, TD Cowen's Washington research group stated: "We advise not to overreact to this social media post. The initial version did not even include Bitcoin and Ethereum in the reserve range, indicating that the plan has not been fully coordinated." The research group also emphasized that Trump did not discuss how the government would obtain funds to purchase these tokens, raising doubts about the feasibility of the plan.