Trump’s plan for a crypto reserve faces obstacles as it likely requires congressional approval, while similar state-level efforts are failing. The president claimed on Sunday that his January executive order directed the creation of a U.S. Crypto Reserve. Trump's post boosted crypto prices despite his January order only calling for a stockpile of seized assets, not an active government crypto reserve. Several states have rejected bills to invest in Bitcoin, indicating skepticism about a U.S. crypto reserve. A U.S. crypto reserve would likely require congressional approval, but there is little support for funding one.