$BTC $ETH $SOL $XRP $ADA A lot of excitement over Trump’s post, but he lacks authority to do anything substantial without congressional approval. Be careful chasing if you aren’t already positioned. March 7th (Crypto Summit) could end up a sell the news event after insiders use this surge for exit liquidity.
From Grok:
The U.S. Constitution grants Congress the power to regulate commerce and coin money (Article I, Section 8), which courts have interpreted to include broad authority over fiscal and monetary policy.
Creating a "strategic reserve" of cryptocurrency— implying government acquisition, storage, and management of digital assets-would likely involve spending public funds, an action typically requiring congressional appropriation. The executive branch can't just dip into the Treasury without legislative green light; the Antideficiency Act (31 U.S.C. § 1341) prohibits spending beyond what Congress allocates.
[….]
Trump could try leveraging private partnerships or encouraging states to act, dodging federal gridlock.
But a full-on federal reserve? Without Congress, he'd face lawsuits from fiscal hawks, crypto skeptics, and probably a few blockchain purists, too. The Supreme Court's recent tilt toward curbing executive overreach (e.g., West Virginia v. EPA, 2022) suggests he'd lose if challenged.
[…]
So, technically, he might start something small with existing authority-think pilot program, not stockpile.
But anything substantial? No, Congress would need to sign off.