Articles for tag: conflicts of interest, cryptocurrency reserve, Digital Assets, Donald Trump, financial transparency, Gerald E. Connolly, US Treasury

March 14, 2025

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, ...

March 14, 2025

Market News

Crypto

Democrat Lawmaker Calls on Treasury to Halt Trump’s Bitcoin Reserve Plans Amid Economic Concerns and Regulatory Issues

House Representative Gerald E. Connolly, a Democrat from Michigan, has urged the US Treasury to stop plans for a strategic cryptocurrency reserve. He argues that such a reserve would not benefit the American public but would instead enrich President Donald Trump and his associates. In a letter to Treasury Secretary Scott Bessent, Connolly criticized the ...

March 4, 2025

Market News

Crypto

Crypto President’s Vision: Innovative Ways to Optimize Your Tax Dollars and Boost Economic Growth through Cryptocurrency Investments

President Donald Trump is set to address the nation about his proposal for the U.S. to create a strategic cryptocurrency reserve. This plan raises questions about potential conflicts of interest and was highlighted in recent social media posts that boosted the prices of smaller cryptocurrencies like XRP, solana, and cardano. Trump aims to position the ...

February 28, 2025

Market News

Crypto

Silicon Valley Lawmaker Proposes Ban on Trump Promoting Cryptocurrency Sales Amid Fraud Concerns

Congressman Sam Liccardo from Silicon Valley has introduced a new bill aimed at preventing public officials, including President Donald Trump, from promoting stocks and cryptocurrencies that could financially benefit them. The legislation, known as the MEME Act, seeks to discourage potential conflicts of interest and limit the ability of politicians to profit personally while in ...

February 15, 2025

Market News

Crypto

Trump’s Billionaire Government: Investing in Wrestling, Cannabis, Bitcoin, and Stocks for Economic Success

Donald Trump’s administration is noted for its wealth, often referred to as a “government of billionaires,” with key figures like Elon Musk and Linda McMahon in prominent roles. McMahon, the Education Secretary, has significant assets from her investments in World Wrestling Entertainment and other ventures. Doug Burgum, the Interior Secretary, made his fortune selling Great ...

January 30, 2025

Market News

Crypto

Investing with Trump: Truth Social’s Surge Powered by Partnership with Schwab

Shares of Trump Media, the owner of Truth Social, surged over 8% after the company announced plans to expand into financial services, managing investments with Charles Schwab. This move coincided with President Donald Trump’s recent inauguration and has raised concerns about potential conflicts of interest as he is a majority owner of the company. The ...

January 10, 2025

Market News

Crypto

Trump and His Crypto Allies: Unveiling Their Ambitious Plans for the Future of Cryptocurrency and What It Means for You

As Donald Trump prepares for his second term, concerns are rising about potential corruption and self-dealing within his administration. Influenced by Bitcoin advocates, Trump’s policies seem aimed at funneling wealth from the working class to the wealthy elite, reminiscent of Gilded Age tactics. With plans for substantial tax cuts and a proposed federal crypto reserve ...

December 8, 2024

Market News

Crypto

Trump’s Expanding Crypto and Media Empire: Navigating Potential Business Conflicts Ahead

Chinese crypto entrepreneur Justin Sun made headlines after purchasing a $6.2 million banana artwork and then investing $30 million in World Liberty Financial, a struggling cryptocurrency firm with ties to Donald Trump. This investment allowed Trump’s ventures to potentially profit by $20 million or more. Critics are concerned about the ethical implications of Trump’s expanding ...