Peter Schiff slams Trump’s crypto reserve as ‘biggest crypto rug pull’

In a recent post on X, economist and crypto critic Peter Schiff has slammed U.S. President Donald Trump’s crypto strategic reserve announcement, calling it “the biggest crypto rug pull of all time” and urging a Congressional investigation. Schiff questioned who authored the two related posts on Trump’s Truth Social account, who had prior knowledge of them and whether insiders profited from trading XRP, ADA, SOL, BTC and ETH before and after the announcement. He also demanded a review of emails and messages involving Trump’s staff, family, donors and Truth Social employees related to the posts. On March 3, Trump shared two posts about a crypto reserve on Truth Social, sparking community concerns over potential front-running and insider trading.