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

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4.8 • 689 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.

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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.

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This episode was hosted by Jennifer Sanasie.

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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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