TechFlow news — On March 3, according to The Block, investment bank TD Cowen expressed caution over U.S. President Trump's Sunday-announced "crypto strategic reserve" plan, calling it uncoordinated and lacking clarification on funding sources.
The TD Cowen Washington Research Group stated in a report released Monday: "We suggest not overreacting to this social media post. The initial version didn't even include Bitcoin and Ethereum in the reserve scope, suggesting the plan was not well-coordinated." The research team also emphasized that Trump did not address how the government would obtain funding to purchase these tokens, raising questions about the plan's feasibility.
Meanwhile, the White House's first-ever cryptocurrency summit is scheduled for this Friday, hosted by crypto "czar" David Sacks, with President Trump set to deliver remarks. Key industry figures and investors are expected to attend. TD Cowen noted: "This summit is important—it will reveal how the Trump team intends to advance legislation on stablecoins and crypto market structure."
