<ul><li>Arthur Hayes, the founder of BitMEX, has criticized the recently announced US Crypto Strategic Reserve, calling it 'just words' and questioning its feasibility without the approval of the US Congress.</li><li>The US Cryptocurrency Strategic Reserve was announced by President Donald Trump, following the executive order to strengthen American leadership in digital financial technology. Trump stated that top cryptocurrencies made in the USA, including Solana, Cardano, XRP, Bitcoin, and Ethereum, would be part of the reserve.</li><li>However, Hayes and other market analysts have expressed concerns about funding the reserve. They highlighted the need for congressional approval, allocation of funding sources, and the establishment of a compliance framework by various agencies.</li><li>Some community members believe that Trump's announcement signals the start of a crypto arms race, with Bitcoin and Ethereum being considered as the most important assets.</li></ul>

‘Just Words’: Arthur Hayes Criticizes US Crypto Strategic Reserve, Cites Funding Concerns

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