Quinn Thompson, founder of hedge fund Lekker Capital, said the idea of the US buying counterfeit products as a strategic reserve was a ridiculous one and would never happen, after the New York Post reported that Mr. Trump had "embraced" the idea of creating tokens including SOL, XRP and Circle's USDC stablecoin as a "US-first strategic reserve". Quinn Thompson explains: "The government does not have the power to bet on counterfeit products. The rumours of strategic reserves for other non-BTC currencies are another example of people taking an otherwise bad idea as fact."