Democrat lawmaker calls on Treasury to abandon Trump’s Bitcoin reserve plans

Rep. Gerald E. Connolly, the Ranking Member of the House Oversight and Government Reform Committee, urged the US Treasury Department to abandon plans to establish a strategic Bitcoin reserve and th...

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Democrat lawmaker calls on Treasury to abandon Trump’s Bitcoin reserve plans

Source: CryptoSlate

Rep. Gerald E. Connolly, the Ranking Member of the House Oversight and Government Reform Committee, urged the US Treasury Department to abandon plans to establish a strategic Bitcoin reserve and the digital asset stockpile. In a letter to Treasury Secretary Scott Bessent, Connolly condemned the effort as fiscally irresponsible and politically motivated. He warned that the […]