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Crypto industry plans to cash in with sales of crypto for US gold reserves

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in General Factchecking by Apprentice (2.0k points)
This article asserts that the crypto industry is trying to sell crypto to the US government to create a strategic reserve of crypto, so big holders of crypto can cash out and realize their paper gains, without crashing the price of crypto. This would essentially drain billions from the federal government into the accounts of large crypto holders.
https://prospect.org/power/2024-11-26-crypto-plot-against-americas-gold-reserves/

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