Democrat Lawmaker Pressures Treasury to Halt Trump’s Bitcoin Reserve Plans Amid Financial Concerns and Regulatory Issues
A Democratic lawmaker, Representative Gerald E. Connolly, is urging the US Treasury to stop plans for a strategic cryptocurrency reserve. He believes this reserve could primarily benefit President Donald Trump and his associates rather than the American public. In a letter to Treasury Secretary Scott Bessent, Connolly criticized the reserve as unnecessary and potentially wasteful, ...