Peter Shif calls Trump’s crypto reserve ‘pump and dump’, demanding an investigation of Congress

Peter Shif, chief economist and global strategist of the Euro Pacific Capital, has accused US President Donald Trump of orchesting the huge “pump and dump” plan associated with cryptocurrencies. Shif is now calling on the Congress investigation into the matter, in which recent statements on Trump’s digital assets have led to significant trafficking in the market.

In a strong words on X (previous Twitter), Shif claimed that Trump, which he labeled as the “first crypto president”, played the role described as the “largest crypto rug bridge of all time”.

The chiff is demanding answers to several main questions, including:

Who wrote two posts on Sunday afternoon on the truth social account of Crypto -related Trump?

Who had the previous Junowledge of the advertisement, and when was they reported?

How much money was invested in cryptocurrency such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (Seoul), and Cardano (ADA), and when did they sell, and when did they sell?

Are there any emails or messages between Trump’s staff, family, campaign donors or truth -related to these crypto announcements?

First Crypto President Donald Trump just helped pull the biggest crypto rug bridge of all time. The Congress investigation has now been guaranteed to find the following related to this pump and dump scheme.

Who wrote the posts of the President on Sunday afternoon…

– Peter Chiff (@patarshif) March 3, 2025

Crypto market reaction

Trump’s amazing announcement on Monday has controversial that his administration in the U.S. Crypto Strategic Reserve will include five cryptocurrencies – Bitcoin, Ethereum, XRP, Solana and Cardano.

Following the statement, the crypto market saw an immediate rise, with Bitcoin rising 10%, 92,905 and Ethereum spiking 13% to 2,443 dollars. Cardano led the rally with a surprise% 64% growth, while the XRP rose 25% to $ 2.79 and Solana increased 18%.

However, the pleasures were short -lived. By Tuesday, optimism over the initiative was reduced, which led to improvement in the market. Bitcoin sank at 9.8%, 83,725, while Ethereum fell 15% to 0 2,083.

The Global Crypto Market Cap was reduced by 10.5%to 76 trillion, and other Altcoins also dropped significantly, with Carda falling 25%, Sola’s 19%, Dogkoin lost 16%, and XRP fell 18%.

Called for an inquiry

Chiff argues that the rapid rise and decline in crypto prices indicates market trafficking, Trump’s declarators potentially gain significant benefits before the crash. He demanded that Congress must investigate that persons close to Trump or his campaign have benefited from the previous Junowledge of the announcement.

As the allegations of the chiff get traction, it is distributed to political and financial experts whether Trump’s crypto statements were just speculative or part of the integrated efforts to influence the market. Meanwhile, crypto investors stay on the edge, waiting for further development on the policy front and both possible investigations.

What is next?

If Congress is conducting an investigation, it can lead to the creation of crypto -related policy and the potential conflict of interest in political circles.

For now, the crypto market remains unstable, traders closely look at any new policy of Trump or his colleagues, once again growing or breaking down by its allies.

(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)