Viewpoint: Trump's cryptocurrency reserve plan lacks coordination and funding details, suggesting not to overreact

ChainCatcher message, according to The Block, investment bank TD Cowen expressed caution about the “encryption strategic reserve” plan announced by US President Trump on Sunday, believing that the plan lacks coordination and does not specify the source of funding. The TD Cowen Washington research group said in a report released on Monday: ‘We suggest 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. Meanwhile, the first encryption currency summit hosted by White House will be held this Friday, hosted by the encryption currency czar David Sacks, with expected speeches from Trump, and attendance from key industry professionals and investors. TD Cowen stated, “This summit is crucial and will reveal how the Trump team is advancing stablecoin and encryption market structure legislation.”