According to Golden Finance, Jean Rausis, founder of SmarDex decentralized exchange, said that U.S. President Trump's announcement of the establishment of a strategic U.S. cryptocurrency reserve could have a significant boost to cryptocurrency and indicated that the sell-off in recent weeks was "insignificant." “He was serious when he (Trump) said he wanted the United States to be the world’s cryptocurrency capital,” Rausis said. “In this context, the small selloff we’ve seen in recent times is totally irrelevant, just providing the opportunity to buy at a lower price.” He said the prospect of cryptocurrency reserves is far more important for cryptocurrency traders than worrying that tariffs will damage interest in risky assets.