The president just announced the US national cryptocurrency. The official press release also included action plan on how to deal with the existing cryptocurrencies and infrastructure (businesses, services) that were built on supporting them. We learned that those companies that are allowed to operate in the future have to drop all support for the existing digital assets and will only be able to deal with Trumpcoins from the 1st of July.

Exchanges are being closed down while a new national exchange is being opened to support the new national digital currency. To be able to trade on the portal, users have to comply with a standard KYC and a full body cavity search. The White House Communication Director had the following to say:

“We know that this is a huge change in the life of our people, but in order to keep our economic lead we have sometimes have to compromise“.

The distribution scheme was also discussed in the paper and will be handled accordingly:

80% will be kept by the US Treasury and used as needed

10% will be delivered via Proof of Guns, a new and innovative protocol

10% will be airdropped to Russian citizens as a sign of friendship

The most impressive part were the technological features of the new blockchain. The coin will be a fork of Ripple, which is one of the most decentralized coins to date with a huge community. Ripple’s technology allows us to transfer bribes between lobbyist and politicians with ease.

The Chief Scientist will be Dr. Craig Wright who created the technology to send data with the speed of light with only the use of a single tweet.

Hopefully everyone realized this is an April Fools joke. Greetings, WalletInvestor.com