Trump's Crypto Reserve Plan Sparks Controversy, Schiff Questions XRP Inclusion, Polymarket CEO Invited To White House: This Week In Crypto

Ananya Gairola

March 09, 2025

The past week in the crypto world was dominated by President Donald Trump’s announcement of a strategic U.S. cryptocurrency reserve. The move has sparked a flurry of reactions, with some questioning the inclusion of certain digital currencies and others calling for a Congressional investigation.

Here’s a recap of the top stories.

Schiff Questions Rationale for XRP Reserve

Renowned economist Peter Schiff expressed his confusion over the inclusion of XRP in the cryptocurrency reserve that was announced by President Trump. While Schiff acknowledged the rationale behind Bitcoin’s inclusion, he slammed the decision to include XRP, questioning its necessity.

Read the full article here.

See Also: Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT Stock Holder Is A Strong Crypto, Blockchain Advocate

Trump’s Crypto Reserve Plan Faces Backlash

President Trump’s crypto reserve plan has not been well-received by his tech community supporters. The plan, which includes Bitcoin, Ether, XRP, Solana's SOL token, and Cardano, has led to a significant divide among his tech allies.

Read the full article here.

Schiff, Scaramucci Call for Congressional Inquiry

Peter Schiff and Anthony Scaramucci have called for a Congressional investigation into President Trump’s recent cryptocurrency announcements. Schiff raised questions about potential insider trading and manipulation related to the strategic cryptocurrency reserve declaration.

Read the full article here.

Gordon Johnson Criticizes Market Corruption

Gordon Johnson, an analyst at GLJ Research, criticized what he called market "corruption" following President Trump’s announcement of a strategic U.S. cryptocurrency reserve. Johnson responded to allegations that Trump's proposed cryptocurrency purchases aligned with holdings previously owned by his crypto advisor, David Sacks.

Read the full article here.

Polymarket CEO Invited to White House Crypto Summit

Shayne Coplan, CEO of prediction market platform Polymarket, confirmed that he will attend the White House Digital Asset Roundtable. Coplan, who was once raided by the FBI for alleged regulatory violations, thanked President Trump for the invitation.

Read the full article here.

Read Next:

Trump Creates Strategic Bitcoin Reserve Funded By Forfeited Assets: ';I Made The Promise' -- BTC Dips 4%

This story was generated using Benzinga Neuro and edited by Ananya Gairola

Recommended

How to Hack a $1.3T Market - Ad

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Trump Exec Order to Help Restore Wealth for American Citizens? - Ad

The federal agency charged with protecting workers’ civil rights has terminated a New York administrative judge who , including President Donald Trump’s executive order decreeing male and female as .

Cathie Wood's Alpha Surge: $250 Million Circle Windfall, Big AMD Buys

Cathie Wood, founder and CEO of ARK Invest, has recently been on a hot streak of successful and high-profile trades through her flagship ARK ETFs.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Trump's 'Numbskull' Insult Comes Back To Bite—In Record Time

Oil prices surged after Israel's airstrikes on Iran, reigniting inflation fears and complicating Trump's push for rate cuts. Powell's caution now seems more justified.

London-bound Air India flight with more than 240 aboard crashes after takeoff from Ahmedabad, India

AHMEDABAD, India (AP) — Ahmedabad’s city police commissioner says there don’t appear to have been any survivors from an Air India airliner that crashed, and that there are likely also casualties from the area of the city where it went down.

The Summit That Could Reshape Your Crypto Strategy

The Summit That Could Reshape Your Crypto Strategy - Ad

Join 27 top crypto experts as they reveal the exact tools and frameworks they use to find winning coins. This 3-day online event is free to attend-but the takeaways could be priceless.

Oracle Launches New Defense Program To Help US Military Tap Into AI And Cloud Tech

Oracle Corp announced the Oracle Defense Ecosystem, a global initiative to enhance technology innovation for defense & government sectors.

How Senate Republicans want to change the tax breaks in Trump's big bill

WASHINGTON (AP) — House and Senate Republicans are taking slightly different approaches when it comes to the tax cuts that lawmakers are looking to include in their massive

The Unlikely Duo Rethinking Wearable Technology

The Unlikely Duo Rethinking Wearable Technology - Ad

Why did a surgeon and Snap exec team up? They saw the missing ingredient in the $84T wearables market: behavior. So they built Emteq and invented smart glasses sensors to track real-time expressions, unlocking insights into why we do things. With a $15M term sheet already secured, Emteq is what Big Tech's missing.

Trump Administration Enforces Long-Dormant World War II-Era Alien Registration Act

The Trump administration has reactivated the Alien Registration Act, a World War II-era law that requires all non-citizens in the U.S. to register with the government and provide fingerprints.

Iran's internet blackout leaves public in dark and creates an uneven picture of the war with Israel

DUBAI, United Arab Emirates (AP) — As hits the one-week mark, Iranians have spent nearly half of the conflict in a near-communication blackout, unable to connect not only with the outside world but also with their neighbors and loved ones across the country.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

Trump Extends 50% Steel Tariffs To Home Appliances Like Fridges, Dishwashers Starting June 23

President Trump's administration will extend existing 50% steel tariffs to imported home appliances including refrigerators, dishwashers.

Beyoncé and Jay-Z dominate Paris as celebrity drives fashion’s biggest trend

PARIS (AP) — If any force swept through the fashion industry this season — and sent shockwaves around the globe — it wasn’t a new silhouette or a daring color. It was the spectacle of celebrity.

Must-See: Elon's New "Space" Device

Must-See: Elon's New "Space" Device - Ad

Tech legend Jeff Brown predicts this "space technology" will be Elon Musk's next trillion-dollar business, and it will make a lot of people rich. This could be the biggest internet innovation since the first web browser Netscape kicked off the internet boom in the late 1990s.

Taiwan adds China’s Huawei and SMIC to export control list

TAIPEI, Taiwan (AP) — Taiwan’s Commerce Ministry has added Chinese chipmakers Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC) to its export control list, as trade and technology frictions between the self-ruled island, China and the United States increase.

Middle East Tensions Rattle Markets: US Stock Futures Slide, Oil Jumps 8%, Gold Surges Above $3,400 After Israel Strikes Iran

U.S. stock futures slipped Thursday evening as tensions continued to flare in the Middle East, following Israel's preemptive strike against Iran.

A Historic Gold Announcement Is About to Rock Wall Street

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Walz: Minnesota Lawmaker and Spouse Killed In 'Politically Motivated Assassination'

Minnesota Gov. Tim Walz (D) said Saturday morning that a Democratic state legislator and her husband were killed, and another lawmaker and his wife injured, in separate "targeted shootings" at their homes.

Dan Ives Says Iran Threat Is 'In Rear-View Mirror' — Calls It 'Positive' For The Middle East And The Tech Sector

Dan Ives believes that the markets, particularly the tech sector, will interpret the recent events in Iran as a turning point.

A 64% Dividend From Gold?

A 64% Dividend From Gold? - Ad

Gold is soaring. But here's what no one's talking about: a way to earn a 64% dividend-paid in real cash every 30 days. No trading. No risky mining stocks. Just one simple move in your brokerage account... and you could start collecting monthly income almost instantly.

Ozempic Patent Expires In Canada After Novo Nordisk Fails To Pay $450 Fee: 'It's The Second-Largest Semaglutide Market In The World,' Says Sandoz CEO Richard Saynor (UPDATED)

A simple oversight could end up costing Danish pharma giant Novo Nordisk A/S (NYSE: NVO) billions in potential losses on its blockbuster weight-loss and diabetes drug, Ozempic.

Spaniards turn water pistols on visitors in Barcelona and Mallorca to protest mass tourism

BARCELONA, Spain (AP) — Protesters used water pistols against unsuspecting tourists in Barcelona and on the Spanish island of Mallorca on Sunday as demonstrators marched to demand a rethink of an economic model they believe is fueling a and erasing the character of their hometowns.

How to Hack a $1.3T Market

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Elon Musk Has A New Problem: BYD Beats Tesla In Global EV Sales Amid Europe Expansion

BYD has surpassed Tesla in global sales for the first time according to the International Council on Clean Transportation.

Robinhood Rises 7.9% After Key Trading Signal

A significant trading signal occurred for shares of Robinhood as it demonstrated a power inflow at $87.23, after which HOOD rose up to 7.9%.

The Missing Ingredient for Big Tech's $3T Recipe?

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

Apple Hardware Executive Says iPhone Maker Plans To Use AI For Speeding Up Custom Chip Design: 'High Potential In Getting More Design Work In Less Time'

Apple's top hardware executive Johny Srouji said the company plans to use generative AI to accelerate custom chip design, calling it a major productivity boost and highlighting Apple's bold, no-backup transition to Apple Silicon.

Would you hail a 'robotaxi'? Musk bets cabs will give Tesla a lift after boycotts and sales plunge

NEW YORK (AP) — Elon Musk promised in 2019 that driverless Tesla “robotaxis” would be on the road “next year,” but it didn’t happen. A year later, he promised to deliver them the next year, but that didn’t happen either.

Trump Exec Order to Help Restore Wealth for American Citizens?

Trump Exec Order to Help Restore Wealth for American Citizens? - Ad

Thanks to President Trump's Executive Order 14179, a brief "AI Wealth Window" is opening now. Genius investor James Altucher has released 3 AI wealth-building strategies to take advantage of Trump's genius Executive Order 14179. James believes you could see $10,000 grow to $1 MILLION or more over the next few years.

Coinbase To Benefit From Political Landscape, Analyst Says Now Is 'Buying Opportunity'

Cryptocurrency trading platform Coinbase Global (NASDAQ:COIN) is set to benefit from new products and a new White House administration, according to a new investor note.

Oracle's AI Ambitions Take Flight After Record Cloud Growth: What Do Analysts Really Think?

Oracle (ORCL) stock gains on Q4 results, upbeat outlook. Revenue up 11% & EPS beats estimates. Analysts raise target prices, predict multi-year growth.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Cathie Wood's Thursday Crypto Moves: Ark Unloads Nearly $25 Million In Coinbase, Block Stocks

On Thursday, Cathie Wood-led Ark Invest made notable trades, including the sale of shares in Coinbase Global Inc. (NASDAQ:COIN) and Block Inc. (NYSE:XYZ).

Vistra's Rally Explained: Where Is The Stock Headed Next

Vistra stock's bullish structure remains intact. Here's a breakdown of what triggered the move and where VST is likely headed next.

The Summit That Could Reshape Your Crypto Strategy

The Summit That Could Reshape Your Crypto Strategy - Ad

Join 27 top crypto experts as they reveal the exact tools and frameworks they use to find winning coins. This 3-day online event is free to attend-but the takeaways could be priceless.

Jeff Bezos, Lauren Sanchez Get Married In A $50 Million Wedding In Venice: From Foam Party On His $500 Million Yatch To Goodie Bags, Here's What We Know

Jeff Bezos and Lauren Sánchez's extravagant $50 million wedding in Venice included a foam party on his $500 million yacht.

Senate Republicans move to slash CFPB funding by half, risking hundreds of job cuts

NEW YORK (AP) — Senate Republicans have moved to cut the funding of the Consumer Financial Protection Bureau by roughly half, as part of President Trump’s “Big Beautiful Bill,” which is likely to lead to hundreds of job cuts at the nation’s financial watchdog agency.

The Unlikely Duo Rethinking Wearable Technology

The Unlikely Duo Rethinking Wearable Technology - Ad

McDonald's Stock Rises 1% After Key Trading Signal

A significant trading signal occurred for McDonald's stock, as it demonstrated a power inflow at $300.12, after which MCD rose up to 1%.

Trending Now