Is the U.S. Crypto Reserve a 'Very Bad Idea'?

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CoinDesk

Business News, News, Daily News, Tech News

4.7 • 698 Ratings

🗓️ 3 March 2025

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

The latest crypto insights with Jennifer Sanasie and former CFTC chairman Timothy Massad. To get the show every day, follow the podcast here. Timothy Massad, research fellow and director of the Digital Assets Policy Project at the Harvard Kennedy School, joins CoinDesk to discuss why he considers the U.S. crypto reserve a "very bad idea". "I see this really as a payback to a lot of the crypto people who supported [Trump]" the former CFTC chairman said. "I just don't see any national interest." This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. - Friends, DeFi is having a moment — Uniswap Labs' web app and wallet connect you to the excitement. Swapping and bridging are simple, low cost, and lightning fast across 13 chains, including Base, Arbitrum and Unichain, the new Layer 2 network designed for DeFi. Thanks to deep liquidity on Uniswap Protocols, you get minimal price impact on every trade, now with even greater efficiency through Uniswap v4. Swap, send, on-ramp, off-ramp, and bridge into a bright future — get started at uniswap.org. - This episode was hosted by Jennifer Sanasie. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:49.3	It was a bad idea when it was just Bitcoin.
0:51.6	It's probably even a worse idea when you're starting to add some
0:54.7	other tokens. Look, there's no national interest here. This is not like oil, which has a use case,
1:01.6	which is why we created the strategic reserve for oil. It doesn't help our economic situation.
1:07.0	It's not going to do anything to lower the price of eggs or increase people's wages, and it doesn't help the dollar.
1:18.0	Our next guest gave testimony at the Senate Banking Committee's subcommittee hearing called Exploring Bipartisan Legislative Frameworks for Digital Assets.
1:25.7	Joining me now is Research Fellow and Director of the Digital Assets Policy Project
1:29.8	at the Harvard Kennedy School and former CFTC Chairman Timothy Massid.
1:34.5	Welcome to the show, Chairman.
1:36.2	Thank you for having me, Jen.
1:37.8	We heard from President Trump on Truth Social that he expects to include a variety of
	...

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