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

Yes, Trump Is Crashing the U.S. Dollar. Here's Why... - Ad

The Most Important "AI Stock" You've Never Heard Of - Ad

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

Social Security payments for Group 3 retirees will be sent on April 16, based on retirement date and birthdate.

IRS whistleblower on Hunter Biden is out as acting commissioner just days after getting the job

WASHINGTON (AP) — Just days after to acting IRS commissioner, the whistleblower who testified publicly about investigations into Hunter Biden’s taxes is out of the job, according to three people familiar with the decision.

NEW THIS WEEK: Huge Energy Discovery In Utah

NEW THIS WEEK: Huge Energy Discovery In Utah - Ad

The Department of Energy says it could power America for millions of years, and both grizzled oilmen and clean energy supporters love it: Energy Secretary Chris Wright called it "an awesome resource," while Warren Buffett, Jeff Bezos, Mark Zuckerberg, and Bill Gates are all directly invested.

DOGE trumpets unemployment fraud that government already found

NEW YORK (AP) — The latest government waste touted by billionaire Elon Musk's cost-cutting Department of Government Efficiency is hundreds of millions of dollars in fraudulent unemployment claims it purportedly uncovered.

Betting Odds For Pope Francis Replacement Show Two Favorites, Plus This Global Event Has MLB Bettors Backing Nick Castellanos To Hit Home Runs

Pope Francis has died at the age of 88 leaving a vacancy for the position of the global head of the Catholic Church.

This "Awesome Resource" Could Power America for 30,000 Years...

This "Awesome Resource" Could Power America for 30,000 Years... - Ad

We sent one of our smartest researchers into the middle of the Utah desert with a film crew. Why? So he could lead an investigation into a radical new kind of energy that's so abundant, the Dept. of Energy says it could meet America's power needs for the next 2 million years.

PHOTO ESSAY: In a Greek island monastery, a monk has kept together faith and community for 50 years

AMORGOS, Greece (AP) — For more than 50 years, Spyridon Denaxas — or Father Spyridon, as he’s affectionately called — has prayed, worked and welcomed the faithful in a millennium-old monastery carved into a seaside cliff on the Greek island of Amorgos.

Visa cancellations sow panic for international students, with hundreds fearing deportation

WASHINGTON (AP) — At first, the bar association for immigration attorneys began receiving inquiries from a couple students a day. These were foreigners studying in the U.S., and they'd their legal status had been terminated with little notice. To their knowledge, none of the students had committed a deportable offense.

Maverick Trader Reveals 97% Accurate System

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Prince Harry appeals the loss of his UK security detail

LONDON (AP) — wants his British security detail restored and is taking his case to an appeals court.

Trump nominee withdraws after her criticism of the Jan. 6 Capitol attack surfaces

BILLINGS, Mont. (AP) — President Donald Trump's nominee to oversee an agency that manages has withdrawn her nomination following revelations that she criticized the Republican president in 2021 for inciting the Jan. 6 attack on the U.S. Capitol.

A "Backdoor" Way to Claim a Stake in Elon's Optimus Before Its Launch

A "Backdoor" Way to Claim a Stake in Elon's Optimus Before Its Launch - Ad

In 2017, Elon Musk went on record to say his Optimus could be "capable of doing anything". One Silicon Valley insider has identified a little-known "backdoor" way to invest in Optimus before its launch. This under-the-radar play could deliver astronomical returns - and you can get started with as little as $100.

Warren Buffett's Top Stock Picks Now Come With a 15% Income Bonus Through This Fund

A new ETF is offering investors the chance to follow in the footsteps of one of the world's most successful investors and earn income at the same time.

Canadian couple likely the only business owners on Australia's Norfolk Island to face US tariffs

MELBOURNE, Australia (AP) — Jesse Schiller and Rachel Evans are likely the only business owners on to be directly affected by the Trump administration's , as the South Pacific outpost they call home exports nothing to the United States.

Elon's Optimus Could Mint New American Millionaires

Elon's Optimus Could Mint New American Millionaires - Ad

Elon Musk's upcoming Optimus robot could turn him into the world's first trillionaire. Morgan Stanley has already gone on record to say that Optimus could be part of a $30 trillion opportunity... And one Silicon Valley insider has uncovered a way for Americans to potentially profit from Optimus BEFORE it gets rolled out.

Keystone oil pipeline shut down after a rupture in rural North Dakota

BISMARCK, N.D. (AP) — The Keystone oil pipeline was shut down Tuesday morning after it ruptured in North Dakota, with the spill confined to an agricultural field.

Elon Musk's Tesla Reportedly Manipulating Odometers To Dodge Warranty Repairs

Tesla is facing lawsuit over odometer manipulation. Plaintiff claims premature warranty expiration, seeking damages for California Tesla drivers.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire"

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Palantir Goes Bullish After NATO's AI Buy: Is This The Future Of War, Wall Street?

Palantir's stock jumps 9% after NATO acquires its AI-enabled system, showing its dominance in data and potential for growth.

Palantir Shares Climb After Northrop Grumman Collab Teased on X

Palantir shares are trading higher after the company announced a collaboration with Northrop Grumman for AI-powered combat vehicles.

Elon's Greatest Invention... Hidden in South Memphis?

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

SoFi Stock Is Up 11% This Week: What's Going On?

Shares of SoFi Technologies have surged 11% since Monday's open. The company on Tuesday announced a strategic expansion into alternative investments.

Trump administration reverses long-held guidance on 'road diets' for traffic safety

A stylist was just starting her shift at a salon in Kansas City, Missouri, when a car smashed through the storefront window and landed in the waiting area a few feet away.

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

Asian shares soar after Wall Street rallies into a 3rd day

HONG KONG (AP) — Asian markets were higher early Friday after Wall Street rallied for the 3rd day, driven by hopes for the Federal Reserve to cut rates.

VinFast Auto Maintains EV Delivery Outlook Amid Macro Uncertainty Despite Q4 Margin Drag

VinFast posts wider-than-expected Q4 loss, revenue miss, and steep margin drop but maintains 2025 delivery growth target.

No.1 Opportunity for 2025 [Take Action Now!]

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Scholarships for child care are drying up. Now families are paying the price

PHOENIX (AP) — For parents who need to work but can't afford the steep , federally funded scholarships can be a lifeline. Delivered through state child care assistance programs, the scholarships can mean the difference between a parent working full time — or not at all.

Mark Cuban Gets Real About What It Takes To Get Rich: 'Even When I Was Dead Broke Sleeping on the Floor, I Was Having Fun'

Billionaire and Dallas Mavericks owner Mark Cuban once shed light on the common misconceptions about super-rich individuals and the impact of wealth on personal relationships.

Trump to Unlock 15-Figure Fortune for America (May 3rd)?

Trump to Unlock 15-Figure Fortune for America (May 3rd)? - Ad

This map looks ordinary--but according to insider Jim Rickards, it reveals a hidden government asset so massive . Trump may soon unlock it--learn how to position yourself before it's too late!

Elon Musk's X sues to overturn Minnesota political deepfakes ban

MINNEAPOLIS (AP) — X Corp., the social media platform owned by Trump adviser Elon Musk, is challenging the constitutionality of a Minnesota ban on using deepfakes to influence elections and harm candidates, saying it violates First Amendment speech protections.

Rubio Shutters Climate Office, Alarming Global Climate Advocates

Secretary of State Rubio is dismantling a key climate diplomacy office, a move that is throwing U.S. international environmental efforts into disarray just months ahead of critical global talks.

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon - Ad

Some are calling this the most promising DeFi project since Ethereum itself. Here's the #1 DeFi Coin Set to Soar. While Bitcoin grabs headlines, this lesser known DeFi coin is quietly gearing up for a monster rally. Experts say now is the time to buy before it reaches escape velocity.

Odyssey Marine Exploration Stock Surges On Continued Momentum: What's Going On?

Odyssey Marine Exploration Inc. (NASDAQ: OMEX) shares are trading higher Thursday, extending the momentum from a major intraday spike driven by reports of a forthcoming U.S. executive order favoring the deep-sea mining industry.

Regeneron Expands US Manufacturing With $3 Billion Fujifilm Deal

Regeneron signs $3 billion deal with FUJIFILM to expand biologics manufacturing in North Carolina, boosting U.S. capacity and long-term production.

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.

The Latest: China vows countermeasures over Trump tariffs as trade war threatens to intensify

China says it will and take countermeasures against the United States to safeguard its own interests after an additional 50% tariff on Chinese imports.

US egg giant Cal-Maine says government is investigating price increases

Shares of Cal-Maine Foods, the largest U.S. egg producer, fell in after-hours trading Tuesday after the company acknowledged it is being investigated by the antitrust division of the U.S. Department of Justice.

Brace Yourself for Jeff Bezos' "Amazon Helios"

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Trump keeps contradicting himself on tariffs, making a fragile world economy nervous

WASHINGTON (AP) — President Donald Trump can't stop contradicting himself on .

Trending Now