When US president Donald Trump picked out a handful of cryptocurrencies for potential inclusion in a national strategic reserve, he sparked a trading frenzy—and questions about who stands to benefit.

Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of currencies.

The rift over the president’s proposed grab-bag of tokens signals a rocky political road ahead for one of the administration’s most audacious tech proposals. Underlying the issue: His administration has yet to articulate how it intends to reconcile the president’s “America First” agenda with crypto networks that are intended to be decentralized and borderless by design.