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Trump's Crypto Bet Amid Market Turmoil Sparks Criticism

3/8/2025

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Summary

Story summary

Donald Trump's World Liberty Financial (WLFI) has boldly tripled its Ether holdings, even as the crypto market struggles. Meanwhile, Solana is reeling from $485 million in outflows, reflecting investor unease. Trump's push for a national crypto reserve has drawn sharp criticism from economist Paul Krugman, who warns it could be a scam. In response, New York lawmakers are stepping up efforts to tackle rug pull scams.

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Story summary

Donald Trump's World Liberty Financial (WLFI) has boldly tripled its Ether holdings, even as the crypto market struggles. Meanwhile, Solana is reeling from $485 million in outflows, reflecting investor unease. Trump's push for a national crypto reserve has drawn sharp criticism from economist Paul Krugman, who warns it could be a scam. In response, New York lawmakers are stepping up efforts to tackle rug pull scams.