Analyst: Trump's crypto reserve plan requires a long approval process, and the rise may be temporary

Odaily News The cryptocurrency market surged after U.S. President Donald Trump announced a potential strategic crypto reserve, but Aurelie Barthere, chief research analyst at blockchain analysis firm Nansen, said that the rise may be temporary due to the lengthy approval process required to establish a U.S. cryptocurrency reserve. He said: "I think that establishing a reserve by purchasing new tokens is a complex process that requires a vote in Congress and therefore takes time. I am a little concerned about the sustainability of today's move." (Cointelegraph)