US lawmakers urge Treasury Secretary to stop trying to use Bitcoin as a strategic reserve

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ODAILY
14 hours ago
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Odaily News reports that U.S. House Oversight Committee Democratic Congressman Gerry Connolly urged U.S. Treasury Secretary Scott Bessent to stop attempts to create a cryptocurrency strategic reserve. Connolly stated that this move is not beneficial to the public, and will only benefit the president and his donors, while exposing American taxpayers to significant financial risks. Connolly also expressed concerns about U.S. President Trump's personal financial interests in cryptocurrency, and dissatisfaction with the initiative being implemented without Congressional approval. (DL News)

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