Democrat Lawmaker calls for cash registers to stop plans of Trump Reserve

The democratic legislator called the US cash office to “stop with all attempts” in the United States, referring to conflicts of interest with American President Donald Adom and claiming that stock would not use the American people.

Gerald E representative. Connolli Michigan criticized “Cryptocurrency reserves” in the letter 13. March in Secretary Treasa Scott Besent, stating that American people “not noticeable to the American people” would instead enrich the president and his donor instead.

Connolly, who did not discern between the strategic reserve bitcoin and Digital Asset StockpileThey said that Trump plans would represent a “uncertain fiscal policy” because it chooses certain cryptocurrency over others through social media.

Connolly said the Trump administration plan would also fall off the dollars of taxpayers to what the federal reserve described as “the most blush idea ever”.

“No strategic need has arisen that requires investments in a volatile and speculative market of cryptocurnancy,” Connolli, Democrat’s Ranking on the Board of House on Supervision and Reform of the Government, said In the letter.

“(That) would not be anything more than a highly speculative supported taxpayer that Bitcoin speculators would ensure the safety that, when a decline would come, the state will implement this fund to save him.”

However, the White House said the stock of digital property would retain only for cryptocurrency has been lost. At the same time, Bitcoin (Btc) Reserve will only bring acquisitions Budget-neutral strategies It will not affect taxpayers.

Connolly also said that Trump failed to consult with Congress over the Bitcoin Reserve Plan, let alone obtain congress approval to create it.

Connolly also allegedly existed conflicts of interest between Trump’s presidential duties and ownership of Trump Organizations for the Platform of Firangi financial speeds, Sending Trums (Trume) Memecoin.

Democrat referred to Trump Token As “money capturing” that enabled Trumps to entity to cash in the amount of over $ 100 million in trade fees.

It is called Trump “The most removable richer scheme is still rich,” Connolli added.

Related: Bitcoin Reserve can complete “strong political weapons” – Arthur Haies

Representative Maxine water, Democrat at the House Financial Services Commission, also Criticized Trump Memecoin 20. January, inviting to withdraw on the carpet, claiming that the launch represented the “worst crypto”.

Connolly asked the appearance of giving documents and connections related to creating Bitcoin reserves and a full list of steps, Trump administration has taken to avoid conflict of interest.

Connolly also asked for a list of companies in which the cash register is financial interests associated with the crypt. He also asked:

“Is the presidential working group in the markets of digital funds to which it is the task of developing a federal regulatory framework for crippouts management, it has reviewed the administration officers, including, but not limited to Elona Musk?”

The Strategic Bitcoin Reserve Initially, it will use cryptocurrency lost in federal criminal or civil cases. Meanwhile, digital stock of assets will consist of cryptocurremm that are not Bitcoin, which could include XRP (XRP), Solana (Salt), Cardano (Ada) and ether (El).

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