Bill’s Commentary:

“Treasury balances turned into digital air?”

Trump, the ‘Crypto President’, is Serving Up a National Deception with the Proposal of a Bitcoin Strategic Reserve

I like President Trump for all he is doing to right a lot of wrongs in the United States. But regarding him wearing the self-proclaimed mantle of the ‘Crypto President’, he is serving up an unparalleled deception of financial sovereignty with this idea of a national Bitcoin (or Crypto) Reserve for the United States.

…’A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!’…(President Donald Trump via TruthSocial)

The President went on to say: …’And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!’…

Read more here…

Bill’s Commentary:

“Follow the money…”

No Bidders, No Safety Net: Is Fed’s Liquidity Lifeline Drying Up? Plus, ETFs To Watch

For the first time since the Great Recession, banks didn’t park a single dollar in the Federal Reserve‘s Reverse Repo Facility overnight. That’s right—zero bids.

The mother ship of the U.S. banking system, which has been the go-to safety net for surplus cash, found no takers.

Read more here…

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