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At face value, President Trump is well on his way to giving crypto what it wants. 

A US government strategic crypto reserve. Or maybe it’s a stockpile. Is there a difference?

Anyone interested in wading into that debate is well covered on X and so on. 

Same goes for those keen to moralize the implications of US government agencies accumulating coins other than bitcoin — perhaps even ones backed by funds and entities controlled by appointed officials like venture capitalist David Sacks.

I’m taking a different path. Let’s put aside the US strategic stockpile. It doesn’t exist,…

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